Djibouti: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti

October 23, 2019

Preview Citation

Format: Chicago

Djibouti: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti, (USA: International Monetary Fund, 2019) accessed December 21, 2024

Also available in: français

Summary

This 2019 Article IV Consultation with Djibouti discusses that large-scale infrastructure investments and a rapid expansion of trade and logistics activities have fueled strong growth in recent years. The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures. Combined with business climate reforms, this development strategy has fueled strong growth and positioned Djibouti well to become a regional trade and logistics hub. The IMF staff’s baseline projections assume a significant reduction in debt financed public investment. Growth is nonetheless projected to remain strong, driven by the rapid expansion in Ethiopia’s trade and a pickup in private investment. Fostering higher and inclusive growth and bolstering the external position require addressing impediments to private sector investment and improving external competitiveness. Critical reforms include further enhancing the business environment, promoting competition, and improving the governance and efficiency of public enterprises to lower factor costs, particularly in the telecommunications and electricity sectors.

Subject: Current account balance, Debt service, Debt sustainability analysis, Expenditure, External debt, Public debt

Keywords: Authority, Control debt accumulation, CR, Current account, Debt, Debt service, Debt sustainability analysis, Debt vulnerability, East Africa, Global, Governance issue, Government efficiency, Infrastructure investment boom, ISCR, Liability positions vis-à-vis nonresident, Middle East, North Africa

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/314
Stock No:

1DJIEA2019002
ISBN:

9781513517360
ISSN:

1934-7685

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