Djibouti: Technical Assistance Report-Financial Soundness Indicators Mission
IMF Staff Country Reports, July 17, 2019
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- Canonical URL
- Djibouti: Technical Assistance Report-Financial Soundness Indicators Mission
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Bibliographic details
- Published: July 17, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498326780.002
Mission objectives and outcomes
- The Technical Assistance Report documents an IMF mission to aid on the financial soundness indicators (FSI).
- The mission "achieved the said objectives" and:
- assisted the Banking Supervision Unit (BSU) officials in the preparation of the FSI production files and the development of the metadata files.
- held constructive discussions with the Central Bank of Djibouti (CBD) staff on various aspects of the production of statistics aimed at improving the quality of the data produced.
- Discussions led to the preparation of an action plan identifying the main improvements to be pursued or undertaken, with priority recommendations (priority recommendations are identified in the action plan).
Key findings
- The microfinance sector is growing in Djibouti; however, access to financing remains very limited.
- A review of the Call Report forms revealed a number of inconsistencies.
Policy recommendations and capacity development
- The report recommends that the BSU staff participate regularly in the FSI courses organized by the IMF.
- An action plan was prepared to prioritize and sequence improvements to FSI production, metadata development, and statistical quality enhancement (the action plan identifies priority recommendations).
Content in this bundle
- 1djiea2019001 — Sections 1–2