Djibouti: 2008 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti

July 21, 2009

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Djibouti: 2008 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

This 2008 Article IV Consultation highlights that Djibouti’s macroeconomic performance improved significantly, but inflation pressures are intensifying. Real GDP growth accelerated to 5.3 percent in 2007, driven mainly by foreign direct investment concentrated in the construction and port services. Executive Directors have welcomed Djibouti’s strong economic growth driven by large foreign direct investments in the port and other key sectors of the economy. Directors have also emphasized the importance of maintaining the fiscal consolidation objective, with a view to controlling inflation and creating fiscal space to finance the poverty reduction strategy.

Subject: Arrears, Banking, Commercial banks, Current spending, Expenditure, External debt, Financial institutions

Keywords: Arrears, Assistance, Authority, Budget execution data, Commercial banks, CR, Current spending, East Africa, Emergency assistance program, Global, IMF staff representative, Inflation growth, ISCR, Oil price shock, PRGF loan, Southern Africa, Sub-Saharan Africa, U.S. Agency for International Development

Publication Details

Pages:

101
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/216
Stock No:

1DJIEA2009003
ISBN:

9781451810714
ISSN:

1934-7685

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