IMF Staff Country Reports

Djibouti : 2015 Article IV Consultation-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

September 1, 2016

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2015 Article IV Consultation highlights that Djibouti’s economic growth, driven by large investment projects, continued its rapid pace in 2014. Aggregate investment reached 44 percent of GDP in 2014 and is expected to peak at 57 percent in 2015–16. GDP growth is expected to rise from 6 percent in 2014 to about 6.5 percent in 2015–16 and to 7 percent in 2017–19. Inflation is projected at 3 percent in 2015 and about 3.5 percent in 2016–18 as a large amount of infrastructure spending increases the demand for housing and services. Central bank gross foreign assets are projected to remain strong, permitting full currency board coverage over the period 2015–20.

Series:

Country Report No. 16/248

Subject:

Article IV consultation reports Balance of payments statistics Debt sustainability analysis Djibouti Economic conditions Economic growth Economic indicators External borrowing External debt Fiscal reforms Infrastructure Press releases Public investment Staff Reports

Notes:

Also Available in French