future growth prospects, but improvement in the capital-intensive
hydrocarbons sector does little to reduce Egypt's persistent
unemployment.

El Salvador
GDP per capita is roughly half that of Brazil,
Argentina, and Chile, and the distribution of income is highly
unequal. The government is striving to open new export markets,
encourage foreign investment, modernize the tax and healthcare
systems, and stimulate the sluggish economy. Implementation of the
Central America-Dominican Republic Free Trade Agreement, ratified by
El Salvador in 2004, is viewed as a key policy to help achieve these
objectives. The trade deficit has been offset by annual remittances
from Salvadorans living abroad - 16% of GDP in 2004 - and external
aid. With the adoption of the US dollar as its currency, El Salvador
has lost control over monetary policy and must concentrate on
maintaining a disciplined fiscal policy.

Equatorial Guinea
The discovery and exploitation of large oil
reserves have contributed to dramatic economic growth in recent
years. Forestry, farming, and fishing are also major components of
GDP. Subsistence farming predominates. Although pre-independence
Equatorial Guinea counted on cocoa production for hard currency
earnings, the neglect of the rural economy under successive regimes
has diminished potential for agriculture-led growth (the government
has stated its intention to reinvest some oil revenue into
agriculture). A number of aid programs sponsored by the World Bank
and the IMF have been cut off since 1993 because of corruption and
mismanagement. No longer eligible for concessional financing because
of large oil revenues, the government has been unsuccessfully trying
to agree on a "shadow" fiscal management program with the World Bank
and IMF. Businesses, for the most part, are owned by government
officials and their family members. Undeveloped natural resources
include titanium, iron ore, manganese, uranium, and alluvial gold.
Growth presumably remained strong in 2004, led by oil.

Eritrea
Since independence from Ethiopia on 24 May 1993, Eritrea has
faced the economic problems of a small, desperately poor country.
Like the economies of many African nations, the economy is largely
based on subsistence agriculture, with 80% of the population
involved in farming and herding. The Ethiopian-Eritrea war in
1998-2000 severely hurt Eritrea's econo