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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Staff Completes 2021 Article IV Mission to Djibouti

Djibouti’s large-scale infrastructure investments have driven strong economic growth in recent years, but the benefits have not been widely shared

Large port-related infrastructure investments have boosted growth in recent years, but also increased macroeconomic vulnerabilities while generating few jobs and little tax revenue; The COVID-19 pandemic and the conflict in neighboring Ethiopia have had a significant impact on economic activity and exposed Djibouti’s macroeconomic vulnerabilities; Fiscal policies to raise domestic…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - Djibouti: IMF Executive Board Approves a US$ 43.4 Million Disbursement to Djibouti Under the Rapid Credit Facility and Debt Relief Under the Catastrophe Containment and Relief Trust to Address the COVID-19 Pandemic

IMF support will provide additional resources for the essential health and other emergency spending, including social safety nets

The IMF Executive Board approved a US$ 43.4 million loan to Djibouti to support the authorities’ response to the COVID-19 crisis, as well as debt relief under the CCRT, which will generate additional resources of US$ 2.3 million over the next five months, and potentially up to US$ 8.2 million…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2019 Article IV Consultation with Djibouti

The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures

On September 30, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Djibouti. The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures with the aim of positioning Djibouti as a regional trade and logistics hub. Combined with reforms to…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

For Djibouti, Infrastructure Investment Paves Way to Regional Hub

Djibouti’s recent investment boom in infrastructure has the potential to transform the economy into a regional hub for East Africa, creating more jobs and helping the country return to a sustainable level of debt, says the IMF in its latest assessment of the economy

"The authorities should advance rapidly with critical reforms aimed at translating investment into strong, inclusive, and job-creating growth," says the IMF’s mission chief for Djibouti Eric Mottu. The small state in the arid Horn of Africa, neighboring land-locked Ethiopia, largely depends on its deep-water harbor. The country is expanding its…