Djibouti: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti

April 6, 2017

Preview Citation

Format: Chicago

Djibouti: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti, (USA: International Monetary Fund, 2017) accessed December 23, 2024

Also available in: français

Summary

This 2016 Article IV Consultation highlights Djibouti’s expansion of its transportation and utilities infrastructure to leverage its strategic location as a shipping hub and host to military bases. The authorities’ development strategy, Vision Djibouti 2035, aims to transform the country into a middle-income economy and a logistics and commercial hub for all of eastern Africa. Growth is estimated to have reached 6.5 percent in 2016, driven by major public sector projects: the railroad to Ethiopia, the construction of several new ports, and a water pipeline from Ethiopia. Inflation rose to 3 percent on average in 2016, reflecting increased food and service prices.

Subject: Debt service, Debt sustainability analysis, Economic sectors, External debt, Public and publicly-guaranteed external debt, Public debt, Public enterprises

Keywords: Africa, Authorities endeavor, Authority, CR, Debt, Debt sustainability analysis, East Africa, Global, Investment project, ISCR, Middle East, Public and publicly-guaranteed external debt, Public enterprise debt, Public enterprises, Resident representative, TA mission

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/087
Stock No:

1DJIEA2017001
ISBN:

9781475593327
ISSN:

1934-7685

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