Djibouti : Sixth Review Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti

Publication Date: March 21, 2013
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Summary: The article is a review on Djibouti’s Extended Credit Facility (ECF) program and the performance of economic development in the program. The ECF program helped Djibouti to maintain macroeconomic stability, and the period underwent a transformation in the Djiboutian economy. The country saw an economic increase, and the banking system boomed. A positive thought of economic growth is projected in 2012, so plans were targeted to pursue fiscal reforms to improve debt sustainability, strengthening the banking sectors. The authorities of the Executive Board expect another program similar to the ECF.
Series: Country Report No. 13/78
Subject(s): Extended Credit Facility | Fiscal policy | Unemployment | Public debt | Fiscal reforms | Banking sector | Currency boards | Economic indicators | Press releases | Staff Reports | Performance criteria waivers | Djibouti

Notes Also available in French
Publication Date: March 21, 2013
ISBN/ISSN: 9781484355923/1934-7685 Format: Paper
Stock No: 1DJIEA2013001 Pages: 67
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