Djibouti: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2004/073, IMF Staff Country Reports from International Monetary Fund

Abstract: An important challenge for Djibouti is to implement a comprehensive strategy to promote private investment and job creation to reduce poverty. The medium-term macroeconomic outlook is dominated by the authorities' plan to launch a public investment program along with the planned construction of a new deep water seaport. The authorities have improved the expenditure control and monitored the framework, but could further enhance the transparency of public finance. Although Djibouti improved its macroeconomic database in recent years, its statistical system continues to fail owing to changes in quality, frequency, and dissemination.

Keywords: ISCR; CR; staff visit; staffs recommendation; staff appraisal; staff of a draft Memorandum of Economic and Financial Policies; discussion; Djibouti authorities; Arrears; Public investment spending; Poverty reduction strategy; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 60
Date: 2004-03-19
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