Executive Board
Calendar
Board Discussions
on Djibouti:

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July 19, 2013
May 23, 2012
February 6, 2012
January 7, 2011
June 17, 2009

Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 6 6.5
Consumer Prices 2.5 2.5
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Djibouti: Financial Position in the Fund

Transactions with the Fund


IMF Resident Representative
Office in Djibouti

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Djibouti and the IMF
Updated April 13, 2014

On July 19, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the consideration of the Article IV consultation with Djibouti.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country authorities.

At the time of circulation of the Djibouti staff report to the Board, the Djibouti authorities indicated that they needed more time to consider whether they would consent to the Fund’s publication of the staff report. Publication will only proceed upon receipt by the Fund of the Djibouti authorities’ explicit consent.

The last Article IV Executive Board Consultation was on July 19, 2013. Listed below are items related to Djibouti, in reverse chronological order (you can also view items by category).

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April 12, 2014 -- Transcript of the African Finance Ministers Press Conference
April 12, 2014 -- IMF Survey : Energy Revenues to Help Africa Trim ‘Infrastructure Gap’
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.
April 11, 2014 -- IMFC Statement by Christophe Akagha-Mba, Minister of Economy and Prospective, Gabon
On behalf of: Benin, Burkina Faso, Central African Republic, Côte d'Ivoire, Cameroon, Democratic Republic of the Congo, Republic of Congo, Union of the Comoros, Djibouti, Gabon, Guinea, Republic of Equatorial Guinea, Mali, Islamic Republic of Mauritania, Mauritius, Niger, Rwanda, Senegal, Democratic Republic of São Tomé and Príncipe, Chad, Togo. PDF File Size: 645Kb
July 31, 2013 -- Press Release: IMF Executive Board Concludes 2013 Article IV Consultation with Djibouti
April 20, 2013 -- IMFC Statement by Luc Oyoubi, Minister of Economy, Employment and Sustainable Development, Ministere de l'Economie, de l'Emploi et du Developpement Durable, Gabon
On behalf of: Burundi, Benin, Burkina Faso, Central African Republic, Côte d'Ivoire, Cameroon, Democratic Republic of the Congo, Republic of Congo, Union of the Comoros, Djibouti, Gabon, Guinea, Republic of Equatorial Guinea, Mali, Islamic Republic of Mauritania, Mauritius, Niger, Rwanda, Senegal, Democratic Republic of São Tomé and Príncipe, Chad, Togo. PDF File Size: 212Kb
April 03, 2013 -- IMF Program Note on Djibouti
Program Note on Djibouti
March 21, 2013 -- 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
Series: Country Report No. 13/78
Notes: Also available in French
July 24, 2012 -- Djibouti: Fifth Review Under the Extended Credit Facility Arrangement, Request for Augmentation of Access and Rephasing, Request for Waivers of Nonobservance of Performance Criteria, and Request for Waiver of Nonobservance of Performance Criterion Resulting in Noncomplying Disbursement - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti.
Series: Country Report No. 12/197
Notes: Also available in French
July 10, 2012 -- Djibouti: Fourth Review Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria - Staff Report and Press Release.
Series: Country Report No. 12/169
Notes: Also available in French
June 08, 2012 -- Djibouti: Poverty Reduction Strategy Paper - Annual Progress Report
Series: Country Report No. 12/131
May 24, 2012 -- Press Release: IMF Executive Board Completes Sixth and Final Review Under the Extended Credit Facility Arrangement for Djibouti and Approves US$9.5 million Disbursement
May 09, 2012 -- Djibouti -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 09, 2012
Also available in French PDF File Size: 564Kb
March 29, 2012 -- Press Release: Statement by the IMF Mission at the Conclusion of Its Visit to Djibouti
February 14, 2012 -- Press Release: The Republic of Djibouti Begins Participating in the IMF’s General Data Dissemination System
February 06, 2012 -- Press Release: IMF Executive Board Completes Fifth Review Under Djibouti's Extended Credit Facility Arrangement and Approves Request for Augmentation of Access and US$ 9.7 Million Disbursement
January 25, 2012 -- Djibouti -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, January 25, 2012
Also available in French PDF File Size: 296Kb
August 24, 2011 -- IMF Survey: IMF in Talks on Financing Boost for Drought-hit Africa
The IMF, welcoming international support for drought-hit countries in the Horn of Africa, is discussing with Djibouti and Kenya increasing existing loans to the two East African countries as part of the response. The IMF’s African Department head says there is also room to boost disaster-relief aid effectiveness.
July 08, 2011 -- Press Release: IMF Executive Board Completes Fourth Review Under Djibouti's Extended Credit Facility Arrangement and Approves US$2.35 Million Disbursement
June 23, 2011 -- Djibouti -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 23, 2011
PDF File Size: 372Kb
June 16, 2011 -- Press Release: Concluding Statement by IMF Mission to Djibouti
February 02, 2011 -- IMF Survey: Djibouti Aims to Be Regional Hub
Djibouti has achieved strong growth in recent years, but the small Red Sea country must become more attractive to private investment if it is to realize the ambitious goal of becoming a regional transport, trade, and financial hub, the IMF says.
January 24, 2011 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Djibouti
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
January 10, 2011 -- Press Release: IMF Executive Board Completes Second and Third Reviews Under Djibouti's Extended Credit Facility, Approves US$4.52 Million Disbursement and Extends Arrangement
November 15, 2010 -- Press Release: Statement at the Conclusion of an IMF Mission to the Republic of Djibouti
September 07, 2010 -- Djibouti: First Review Under the Three - Year Arrangement Under the Poverty Reduction and Growth Facility - Staff Report; Statement by the IMF Staff Representative; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti
Series: Country Report No. 10/277
June 22, 2010 -- Press Release: Statement at the Conclusion of an IMF Mission to Djibouti
July 21, 2009 -- Djibouti: 2008 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility - Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti
Series: Country Report No. 09/216
July 09, 2009 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Djibouti
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 09, 2009 -- Djibouti: Poverty Reduction Strategy Paper
Series: Country Report No. 09/203
July 09, 2009 -- Djibouti: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper
Series: Country Report No. 09/204
June 17, 2009 -- Press Release: IMF Executive Board Completes the First Review of Djibouti's PRGF and Approves US$2.3 Million Disbursement
March 23, 2009 -- Press Release: Statement at the Conclusion of an IMF Mission to Djibouti
September 18, 2008 -- Press Release: IMF Executive Board Approves US$20 Million PRGF Arrangement for Djibouti
June 26, 2008 -- Press Release: Statement of an IMF Staff Mission at the Conclusion of a Staff Visit to Djibouti
April 12, 2008 -- IMFC Statement by His Excellency Paul Toungui, Minister of State, Minister of Economy, Finance, Budget, and Privatization, Gabon
On behalf of: Benin, Burkina Faso, Central African Republic, Côte d'Ivoire, Cameroon, Democratic Republic of the Congo, Republic of Congo, Union of the Comoros, Cabo Verde, Djibouti, Gabon, Guinea, Guinea-Bissau, Republic of Equatorial Guinea, Republic of Madagascar, Mali, Islamic Republic of Mauritania, Mauritius, Niger, Rwanda, Senegal, Democratic Republic of São Tomé and Príncipe, Chad, Togo. PDF File Size: 181Kb
March 31, 2008 -- Press Release: Statement of an IMF Staff Mission at the Conclusion of a Visit to Djibouti
May 21, 2007 -- Djibouti: 2007 Article IV Consultation - Staff Report; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 07/178
Notes: Also available in French.
May 09, 2007 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Djibouti
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 04, 2005 -- Djibouti -- Staff-Monitored Program: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, August 04, 2005
PDF File Size: 276Kb
July 29, 2005 -- Djibouti -- 2005 Article IV Consultation, IMF Staff Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
November 24, 2004 -- Djibouti: First Review Under the Staff-Monitored Program
Series: Country Report No. 04/372
October 25, 2004 -- Djibouti -- Staff-Monitored Program: Letter of Intent and Supplementary Memorandum on Economic and Financial Policies, October 25, 2004
This memorandum describes the policies that Djibouti is implementing in the framework of a staff-monitored program.
September 24, 2004 -- Press Release: IMF Staff Statement on Djibouti
July 12, 2004 -- Djibouti: Joint Staff Assessment of the Poverty Reduction Strategy Paper
Series: Country Report No. 04/196
July 07, 2004 -- Djibouti: Staff-Monitored Program
Series: Country Report No. 04/190
June 04, 2004 -- Press Release: IMF Executive Board Reviews Djibouti's Poverty Reduction Strategy
May 25, 2004 -- Djibouti: Poverty Reduction Strategy Paper
Series: Country Report No. 04/152
March 19, 2004 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Djibouti
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 19, 2004 -- Djibouti: 2003 Article IV Consultation--Staff Report; and Public Information Notice on the Executive Board Discussion for Djibouti
Series: Country Report No. 04/73
March 19, 2004 -- Djibouti: Selected Issues
Series: Country Report No. 04/74
March 19, 2004 -- Djibouti: Statistical Appendix
Series: Country Report No. 04/75
February 29, 2004 -- Djibouti -- Staff-Monitored Program: Letter of Intent and Memorandum of Economic and Financial Policies, February 29, 2004
This memorandum describes the policies that Djibouti is implementing in the framework of a staff-monitored program.
December 20, 2002 -- News Brief: IMF Completes Third Review Under Djibouti's PRGF Arrangement and Approves US$6 Million Disbursement
December 12, 2002 -- Joint Staff Assessment of the PRSP Preparation Status Report
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 78Kb
December 12, 2002 -- Poverty Reduction Strategy Paper Preparation Status Report--Table of Content
Describes the country's macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing.
December 04, 2002 -- Djibouti-- Letter of Intent, Memorandum of Economic and Financial Policies, December 4, 2002
This Letter of Intent of the government of Djibouti describes the policies that Djibouti intends to implement in the context of its request for financial support from the IMF.
November 30, 2001 -- News Brief: IMF Completes Djibouti's Review Under the PRGF Arrangement and Approves US$5 Million Disbursement
November 14, 2001 -- Djibouti Letter of Intent, Memorandum of Economic and Financial Policies, Technical Memorandum of Understanding, November 14, 2001
This Letter of Intent of the government of Djibouti describes the policies that Djibouti intends to implement in the context of its request for financial support from the IMF.
November 12, 2001 -- Djibouti-Interim Poverty Reduction Strategy Paper--Table of Contents, June 2001
November 06, 2001 -- Interim Poverty Reduction Strategy Paper Joint Staff Assessment
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 106Kb
July 25, 2000 -- News Brief: IMF Completes First Review of Djibouti under PRGF-Supported Program and Approves US$ 3.6 Million Disbursement
July 11, 2000 -- Djibouti Letter of Intent and Memorandum on Economic and Financial Policies, July 11, 2000
This Letter of Intent of the government of Djibouti describes the policies that Djibouti intends to implement in the context of its request for financial support from the IMF.
December 10, 1999 -- Djibouti: Statistical Annex
Series: IMF Staff Country Report No. 99/137
October 18, 1999 -- Press Release: IMF Approves ESAF Loan for Djibouti
October 02, 1999 -- Djibouti Letter of Intent, October 2, 1999
This Letter of Intent of the government of Djibouti describes the policies that Djibouti intends to implement in the context of its request for financial support from the IMF.
October 02, 1999 -- Policy Framework Paper--Djibouti: Enhanced Structural Adjustment Facility Memium-Term Economic and Financial Policy Framework Paper, 1999-2002 Table of Contents
Describes economic objectives, macroeconomic and structural policies for three-year adjustment programs supported by ESAF resources, as well as associated external financing needs and major sources of financing
September 29, 1999 -- Statement by the Hon. Tantely Andrianarivo, Governor of the IMF for Madagascar, on behalf of the African Governors, at the Joint Annual Discussion
PDF File Size: 14Kb
September 04, 1998 -- Djibouti- Statistical Annex
Series: IMF Staff Country Report No. 98/70
June 01, 1998 -- Press Release: IMF Approves Extension and Augmentation of Stand-by Credit to Djibouti
November 16, 1997 -- Statement by Stanley Fischer
Given at the Middle East/North Africa Economic Conference, Doha, Qatar.
July 18, 1997 -- Djibouti--Statistical Annex
Series: IMF Staff Country Report No. 97/52
May 22, 1997 -- Press Release: IMF Approves Extension and Augmentation of Stand-By Credit to Djibouti
June 21, 1996 -- Djibouti - Statistical Annex
Series: IMF Staff Country Report No. 96/44
Notes: This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
April 15, 1996 -- Press Release: IMF Approves Stand-by Credit for Djibouti

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