Djibouti : Requests for Disbursement Under the Rapid Credit Facility and Debt Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report; and Statement by the Executive Director for Djibouti

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

May 12, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The COVID-19 pandemic has considerably weakened macroeconomic prospects for Djibouti. The country is facing a large negative external demand shock due to the global recession. Domestically, virus prevention and containment measures are affecting both demand and supply. Output is contracting, while lower exports of services and foreign direct investment have opened an urgent balance of payments need of the order of US$164 million (4.8 percent of GDP). The pandemic has also created urgent spending needs and is set to reduce government revenue.

Series:

Country Report No. 20/159

Subject:

English

Publication Date:

May 12, 2020

ISBN/ISSN:

9781513543574/1934-7685

Stock No:

1DJIEA2020001

Format:

Paper

Pages:

39

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