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

International Monetary Fund

No 2017/087, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; debt; authority; public enterprise debt; investment project; resident representative; authorities endeavor; TA mission; Public enterprises; Public and publicly-guaranteed external debt; Debt sustainability analysis; Global; East Africa; Middle East; Africa (search for similar items in EconPapers)
Pages: 76
Date: 2017-04-06
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