Financial Crime World

Eritrea’s Commitment to Development

As part of its efforts to achieve sustainable economic growth, reduce poverty, and meet the Millennium Development Goals (MDGs), Eritrea has made several policy commitments to development.

Travel Ban and Asset Freeze


The United Nations Security Council Resolution 1907 (2009) imposes a travel ban on individuals designated by the Committee, preventing them from entering or transiting through their territories. Additionally, all Member States are required to freeze without delay funds, other financial assets, and economic resources owned or controlled directly or indirectly by such individuals.

Key Indicators


  • Population: 6.3 million
  • Gross National Income (GNI) per capita: $1,147 in 2011
  • GDP growth rate: 2% in 2015
  • Life expectancy at birth: 63 years
  • Maternal mortality rates: 380 deaths per 100,000 live births
  • Infant mortality rates: 37 deaths per 1,000 live births

Policy Commitments


Eritrea’s National Indicative Development Plan (NDP) 2014-2018 aims to create a modern, private sector-led economy. However, the country faces several challenges, including:

  • Weak investment and business environment
  • UN sanctions since 2009
  • Macroeconomic instability

Development Challenges


Eritrea faces significant development challenges, including:

  • High proportion of children not registered at birth (40%)
  • Low levels of education (mean years of schooling: 3.4)
  • Limited access to healthcare (health expenditure as a percentage of GDP: 2.6%)
  • Large number of refugees (247,800) and internally displaced persons (10,000)

Human Development Index


According to the Human Development Index (HDI) 2014 report, Eritrea ranks 182 out of 187 countries, indicating significant development challenges. The country’s HDI score is low due to poor education, health, and income levels.

Conclusion


While Eritrea has made several policy commitments to development, it faces significant challenges that must be addressed to achieve sustainable economic growth, reduce poverty, and meet the MDGs.