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Djibouti

Djibouti. iStock photo.

Djibouti Resident Representative Site

Resident Representative Office in Djibouti

This web page presents information about the work of the IMF in Djibouti, including the activities of the IMF Resident Representative Office. Additional information can be found on the Djibouti and IMF country page, including IMF reports and Executive Board documents that deal with Djibouti.

News — Highlights

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Bringing the Informal Sector into the Fold

Blog by Massod Ahmed, published on November 16, 2011 click for more

Visite de la Mission à Djibouti

M Carlo Sdralevitch, a tenu aux côtés de leur représentant résident à Djibouti, M.Samba Thiam, une conférence de presse qui marquait l’achèvement de la quatrième revue duprogramme de facilité élargie pour le crédit ou FEC suivant le jargon des professionnels. click for more

Djibouti Aims to Be Regional Hub

“The authorities have a vision of becoming an important logistical and strategic hub for the region,” said Carlo Sdralevich, IMF mission chief for Djibouti. click for more

Sound Policies Soften Crisis Impact on Middle East

Oil exporters in the Middle East and North Africa have been directly hit by the global financial crisis through a sharp drop in oil prices and a drying up of capital inflows, but the blow has been softened by countercyclical government spending, according to the IMF’s new regional forecast. click for more

Strong Fundamentals Help Middle East, North Africa Mitigate Impact of Global Shocks

The global financial crisis has not spared the MENAP region, but strong economic fundamentals and sizeable currency reserves have helped to mitigate the impact of the shock. click for more

Djibouti and the IMF

IMF Survey : Energy Revenues to Help Africa Trim ‘Infrastructure Gap’

April 12, 2014
New revenue streams from oil and gas would be devoted to investments in roads, railways, ports, and power, African finance officials say. They tell a news briefing that Africa’s “infrastructure gap” will have to be overcome to help achieve inclusive growth. click for more

Transcript of the African Finance Ministers Press Conference

April 12, 2014

Press Release: IMF Executive Board Concludes 2013 Article IV Consultation with Djibouti

July 31, 2013

IMF Program Note on Djibouti

April 3, 2013
Program Note on Djibouti click for more

Djibouti: Sixth Review Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti

March 21, 2013
Series: Country Report No. 13/78
Notes:
Also available in French click for more

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Regional Economic Outlook: Middle East and Central Asia

image from the publication cover

The near-term economic outlook for the Middle East and North Africa region has weakened. In the oil-importing countries, many of which are Arab countries in transition, regional conflict, heightened political tensions, and delays in reforms continue to weigh on growth. In this context, the immediate policy priorities are to restore confidence and create jobs, make inroads into fiscal consolidation to restore debt sustainability and rebuild buffers, and embark on structural reforms needed to support private sector-led, job-intensive growth. Most oil-exporting countries continue to enjoy steady growth in the non-oil sector, supported in part by high levels of public spending. Although headline growth has declined because of domestic oil supply disruptions and lower global demand, a recovery in oil production is expected to lift growth next year. Increased vulnerability to a sustained decline in oil prices and intergenerational equity considerations underscore the need for countries to strengthen their fiscal buffers. Key medium-term challenges remain economic diversification and faster private-sector job-creation for nationals.

Economic activity in the Caucasus and Central Asia (CCA) is expected to continue expanding rapidly, with the CCA remaining among the fastest-growing regions in the world. Growth will be driven by a recovery in the hydrocarbon sector and firm growth in domestic demand, supported in part by stable remittance inflows. Considerable downside risks weigh on this outlook, however, stemming in particular from slower-than-expected growth in Russia, an important trading partner and source of remittance inflows. CCA economies should take advantage of the favorable near-term economic conditions to rebuild fiscal policy buffers that were eroded after the global crisis. In some cases, more exchange rate flexibility would help increase resilience to unanticipated shocks while supporting competitiveness. The positive near-term outlook is also an opportunity to strengthen policy frameworks and set in motion a process of structural transformation into dynamic emerging economies. Click for more