Djibouti: 2015 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, September 1, 2016
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- Djibouti: 2015 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: September 1, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475575200.002
Economic growth and investment
- Aggregate investment reached 44 percent of GDP in 2014.
- Aggregate investment is expected to peak at 57 percent in 2015–16.
- GDP growth is expected to rise from 6 percent in 2014 to about 6.5 percent in 2015–16.
- GDP growth is expected to reach 7 percent in 2017–19.
- Growth is driven by large investment projects.
Inflation and demand effects
- Inflation is projected at 3 percent in 2015.
- Inflation is projected at about 3.5 percent in 2016–18.
- The projected rise in inflation reflects that a large amount of infrastructure spending increases the demand for housing and services.
External position and monetary arrangement
- Central bank gross foreign assets are projected to remain strong.
- Strong gross foreign assets are projected to permit full currency board coverage over the period 2015–20.
International Monetary Fund. Djibouti: 2015 Article IV Consultation-Press Release; and Staff Report
Content in this bundle
- Djibouti: 2015 Article IV Consultation—Press Release; and Staff Report, PR15/587, December 28, 2015
- Cr16248f