IMF Staff Country Reports

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

April 6, 2017

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Djibouti: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti, (USA: International Monetary Fund, 2017) accessed November 21, 2024

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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:

    ---

  • DOI:

    ---

  • Issue:

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  • Series:

    Country Report No. 2017/087

  • Stock No:

    1DJIEA2017001

  • ISBN:

    9781475593327

  • ISSN:

    1934-7685