Eritrean authorities must restore central bank independence – IMF

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The International Monetary Fund has called on Eritrea’s government authorities to reinstate the central bank’s independence to deal with its “dire” macroeconomic situation.

The authorities also need to increase stability in the financial sector. This would support financial intermediation and allow the central bank to conduct monetary policy effectively, the IMF executive board said in a July 23 statement.

Eritrea has been beset by a long period of conflict and international sanctions. The

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