Djibouti : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

April 6, 2017

Electronic Access:

Free Full Text (PDF file size is 1819 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2016 Article IV Consultation highlights Djibouti’s expansion of its transportation and utilities infrastructure to leverage its strategic location as a shipping hub and host to military bases. The authorities’ development strategy, Vision Djibouti 2035, aims to transform the country into a middle-income economy and a logistics and commercial hub for all of eastern Africa. Growth is estimated to have reached 6.5 percent in 2016, driven by major public sector projects: the railroad to Ethiopia, the construction of several new ports, and a water pipeline from Ethiopia. Inflation rose to 3 percent on average in 2016, reflecting increased food and service prices.

Series:

Country Report No. 17/87

Subject:

English

Publication Date:

April 6, 2017

ISBN/ISSN:

9781475593327/1934-7685

Stock No:

1DJIEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

76

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