IMF Staff Country Reports

Djibouti: Staff Report for the 2003 Article IV Consultation

Publication Date:

March 19, 2004

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2004/073

Subject:

Arrears Commercial banks Expenditure External debt Poverty Poverty reduction strategy Public investment spending