Djibouti: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti
April 6, 2017
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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.
Subject: Debt service, Debt sustainability analysis, Economic sectors, External debt, Public and publicly-guaranteed external debt, Public debt, Public enterprises
Keywords: Africa, authorities endeavor, authority, CR, debt, Debt sustainability analysis, East Africa, Global, investment project, ISCR, Middle East, Public and publicly-guaranteed external debt, public enterprise debt, Public enterprises, resident representative, TA mission
Pages:
76
Volume:
2017
DOI:
Issue:
087
Series:
Country Report No. 2017/087
Stock No:
1DJIEA2017001
ISBN:
9781475593327
ISSN:
1934-7685
