## Djibouti: Staff Report for the 2003 Article IV Consultation

_IMF Staff Country Reports, March 19, 2004_

## Source details

**Canonical URL:** [Djibouti: Staff Report for the 2003 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/30/djibouti-staff-report-for-the-2003-article-iv-consultation-17268)

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## Bibliographic details
- Published: March 19, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451810615.002

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### Summary findings
- An important challenge for Djibouti is to implement a comprehensive strategy to promote private investment and job creation to reduce poverty.
- The medium-term macroeconomic outlook is dominated by the authorities' plan to launch a public investment program along with the planned construction of a new deep water seaport.
- The authorities have improved the expenditure control and monitored the framework, but could further enhance the transparency of public finance.
- Although Djibouti improved its macroeconomic database in recent years, its statistical system continues to fail owing to changes in quality, frequency, and dissemination.

### Medium-term macroeconomic outlook
- Dominant driver: authorities' plan to launch a public investment program.
- Major project: planned construction of a new deep water seaport.
- Implication: public investment program and seaport development shape medium-term projections and fiscal requirements.

### Public finance and expenditure control
- Improvements noted in expenditure control and monitoring frameworks.
- Remaining issue: need to further enhance transparency of public finance.

### Statistics and macroeconomic database
- Recent improvement in the macroeconomic database documented.
- Persistent problem: statistical system continues to fail owing to changes in quality, frequency, and dissemination.

### Subject focus and keywords
- Subject tags: Arrears, Commercial banks, Expenditure, External debt, Poverty, Poverty reduction strategy, Public investment spending.
- Keywords: Arrears, CR, discussion, Djibouti authorities, ISCR, Poverty reduction strategy, Public investment spending, staff appraisal, staff of a draft Memorandum of Economic and Financial Policies, staff visit, staffs recommendation, Sub-Saharan Africa.

### Publication and document identifiers
- Pages: 60
- Volume: 2004
- Issue: 073
- Series: Country Report No. 2004/073
- DOI: https://doi.org/10.5089/9781451810615.002
- Stock No: 1DJIEA0012004
- ISBN: 9781451810615
- ISSN: 1934-7685

*International Monetary Fund. "Djibouti: Staff Report for the 2003 Article IV Consultation", IMF Staff Country Reports 2004, 073 (2004).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/djibouti-staff-report-for-the-2003-article-iv-consultation-17268_