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…