Djibouti: Selected Issues
March 19, 2004
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The most important challenge faced by the Djibouti authorities is to achieve high rates of economic growth in order to create employment opportunities for a rapidly increasing labor force and to alleviate rising poverty. In this paper, developments and the role of the financial system during the program period are reviewed. Then, the currency board arrangement (CBA) and its role in macroeconomic developments are discussed. The study also discusses the main financial sector reforms and explains why their impact has been limited.
Subject: Commercial banks, Expenditure, Financial institutions, Fiscal consolidation, Fiscal policy, Public debt
Keywords: Africa, banking law, banking system, central bank, Commercial banks, CR, debt ratio, Djibouti, Djibouti banking regulation, East Africa, economic growth, Europe, Fiscal consolidation, government, ISCR, private sector, Southern Africa, Sub-Saharan Africa, wage, wage bill
Pages:
84
Volume:
2004
DOI:
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Issue:
074
Series:
Country Report No. 2004/074
Stock No:
1DJIEA0022004
ISBN:
9781451810622
ISSN:
1934-7685
