IMF Staff Country Reports

Djibouti: Fourth Review Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria: Staff Report and Press Release.

Publication Date:

July 10, 2012

Electronic Access:

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Summary:

The fourth review of Djibouti’s economic performance under the Extended Credit Facility (ECF) arrangement highlights that the authorities maintained fiscal discipline in 2010, but fiscal performance weakened in the first months of 2011. The authorities made progress toward tackling high input costs, which hinder the development of the private sector. The Djibouti authorities remain committed to the IMF program, especially in the areas of fiscal discipline and structural reforms in tax revenue, public financial management, bank supervision, and central bank governance.

Series:

Country Report No. 2012/169

Subject:

Arrears Current spending Economic and financial statistics Economic sectors Expenditure External debt Financial statistics Public enterprises Revenue administration

Notes:

Also available in French