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.
IMF Staff Country Reports, July 24, 2012
Source details
- Canonical URL
- 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.
Other formats
Bibliographic details
- Published: July 24, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475505856.002
Summary of the review
- Presents findings of the Fifth Review of Djibouti’s economic performance under the extended credit facility (ECF) arrangement.
- Reports that the drought in Djibouti has:
- worsened water scarcity,
- reduced agricultural production and cattle stock,
- accelerated refugee inflows.
- Notes that the authorities have requested an augmentation of access under the ECF of 60 percent of quota.
- States that, as a result of exogenous shocks, financing needs for 2011–12 are expected to be higher than previously projected, despite pledges from the international community to help Djibouti address the impact of the drought.
Key findings and program implications
- Drought-related impacts:
- Water scarcity: worsened.
- Agriculture: reduced agricultural production.
- Livestock: reduced cattle stock.
- Migration: accelerated refugee inflows.
- Program financing:
- Request for augmentation of ECF access of 60 percent of quota.
- Financing needs for 2011–12 expected to be higher than previously projected due to exogenous shocks.
- External support:
- International community has made pledges to help address the drought’s impact, but needs remain elevated.
Publication metadata and scope (as reported on the page)
- Publication date: July 24, 2012
- Pages: 60
- Volume: 2012
- Issue: 197
- Series: Country Report No. 2012/197
- DOI: https://doi.org/10.5089/9781475505856.002
- Stock No: 1DJIEA2012003
- ISBN: 9781475505856
- ISSN: 1934-7685
- Also available in French
- Format note on page: IMF eLibrary offers over 25,000 IMF publications in multiple formats.
International Monetary Fund. "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.", IMF Staff Country Reports 2012, 197 (2012), July 24, 2012.
Content in this bundle
- Executive Summary — _cr12197
- _cr12197f