Djibouti: 2015 Article IV Consultation-Press Release; and Staff Report

September 1, 2016

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Format: Chicago

Djibouti: 2015 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This 2015 Article IV Consultation highlights that Djibouti’s economic growth, driven by large investment projects, continued its rapid pace in 2014. Aggregate investment reached 44 percent of GDP in 2014 and is expected to peak at 57 percent in 2015–16. GDP growth is expected to rise from 6 percent in 2014 to about 6.5 percent in 2015–16 and to 7 percent in 2017–19. Inflation is projected at 3 percent in 2015 and about 3.5 percent in 2016–18 as a large amount of infrastructure spending increases the demand for housing and services. Central bank gross foreign assets are projected to remain strong, permitting full currency board coverage over the period 2015–20.

Subject: Banking, Debt service, Expenditure, External debt, Public and publicly-guaranteed external debt, Public debt

Keywords: Africa, Aggregate investment, Article IV consultation discussion, CR, Debt, Debt service, Deficit, Dollar, Expenditure profile, Global, Investment program, Investment project, ISCR, Middle East, North Africa, Public and publicly-guaranteed external debt, Real GDP, Sub-Saharan Africa, TA mission

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/248
Stock No:

1DJIEA2016001
ISBN:

9781475575200
ISSN:

1934-7685

Notes

Also Available in French

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