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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


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

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

February 27, 2015

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

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Learning to Live With Cheaper Oil Amid Weaker Demand

A large and possibly persistent decline in oil prices, and slower-than-projected growth in the euro area, China, Japan, and Russia, have substantially altered the economic context for countries in the Middle East and Central Asia. The appropriate policy response will depend on whether a country is an oil exporter or importer. A common theme, however, is that these developments present both an opportunity and an impetus to reform energy subsidies and step up structural reform efforts to support jobs and growth.

Lower oil prices have weakened the external and fiscal balances of oil exporters, including members of the Gulf Cooperation Council (GCC). Large buffers and available financing should allow most oil exporters to avoid sharp cuts in government spending, limiting the impact on near-term growth and financial stability. Oil exporters should prudently treat the oil price decline as largely permanent and adjust their medium-term fiscal consolidation plans so as to prevent major erosion of their buffers and to ensure intergenerational equity.

Gains from lower oil prices provide much-needed breathing space for oil importers but will be offset by a concurrent decline in external demand, particularly from Russia, but also from the euro area and China. Russia's sharp slowdown and currency depreciation have weakened the outlook for the Caucasus and Central Asia (CCA) because of strong linkages through trade, remittances, and foreign direct investment, suggesting the need for greater exchange rate flexibility and near-term fiscal easing where financing allows, along with stepped-up reform efforts.