Djibouti: 2014 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti

International Monetary Fund

No 2015/338, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2014 Article IV Consultation highlights that Djibouti is undergoing an investment boom that would accelerate economic growth. Aggregate investment is projected to rise from 26 percent of GDP in 2010–13 to 52 percent in 2014–16. GDP growth is expected to rise from 6 percent in 2014 to about 7 percent in 2015–19. Inflation is projected to pick up from 3 percent in 2014 to 3.3 percent in 2015–19 as the large investment spending fuels demand for housing and basic services. Central bank gross foreign assets are projected to remain strong, permitting full currency board coverage over the period 2015–19.

Keywords: ISCR; CR; debt; authority; interest rate; financing; central bank; emerging market economy status; aggregate investment; Djibouti's authorities; government plan; Public and publicly-guaranteed external debt; Debt service; Budget planning and preparation; Global (search for similar items in EconPapers)
Pages: 66
Date: 2015-12-15
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