Djibouti’s Quest for Inclusive Growth

IMF Working Papers, December 5, 2017

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Djibouti’s Quest for Inclusive Growth

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Bibliographic details

• Authors: Alexei P Kireyev
• Published: December 5, 2017
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781484331118.001

Overview

• Author: Alexei P Kireyev
• Publication date: December 5, 2017
• Series: Working Paper No. 2017/270
• Pages: 63
• Volume: 2017
• Issue: 270
• DOI: https://doi.org/10.5089/9781484331118.001
• ISBN: 9781484331118
• ISSN: 1018-5941
• Summary statement: The paper reviews Djibouti’s macroeconomic reforms aimed at achieving middle-income status as envisaged in Vision Djibouti 2035, and reviews policy options in three critical reform areas.

Key themes and findings

• Translating the investment boom into strong and inclusive growth
  • Focus: turning recent investment expansion into growth that reduces poverty and unemployment.
  • Objective: achieve middle-income status as envisaged in Vision Djibouti 2035.
• Fiscal policy to support growth while preserving debt sustainability
  • Focus: designing fiscal policy that balances support for growth with preservation of debt sustainability.
• Role of the business climate in growth acceleration
  • Focus: improving the business environment as an important element for accelerating growth.

Policy options and areas of reform (as described)

• Translate investment boom into inclusive growth
  • Policies to reduce poverty and unemployment through inclusive growth strategies.
• Fiscal policy calibration
  • Policies to support growth while preserving debt sustainability.
• Business climate reforms
  • Policies to accelerate growth by improving business environment and private sector conditions.

Subjects and keywords

• Subject: Business environment, Economic sectors, Expenditure, Fiscal policy, Fiscal space, Poverty, Public debt
• Keywords: Business environment, debt ratio, debt sustainability, decision-making framework, Djibouti, East Africa, economic growth, export-led growth, Fiscal space, government consumption multiplier, growth, inclusiveness, inequality, per capita income, poverty line, poverty rate, poverty reduction, public enterprise, reform program, short-term debt, tax burden, WP

IMF Working Paper No. 2017/270 by Alexei P Kireyev.

Content in this bundle

• Djibouti’s Quest for Inclusive Growth, WP/17/270, December 2017
  • Djibouti’s Quest for Inclusive Growth, WP/17/270, December 2017 (Markdown version)
  • Djibouti’s Quest for Inclusive Growth, WP/17/270, December 2017 (PDF)