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Djibouti: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti

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  • International Monetary Fund

Abstract

This 2016 Article IV Consultation highlights Djibouti’s expansion of its transportation and utilities infrastructure to leverage its strategic location as a shipping hub and host to military bases. The authorities’ development strategy, Vision Djibouti 2035, aims to transform the country into a middle-income economy and a logistics and commercial hub for all of eastern Africa. Growth is estimated to have reached 6.5 percent in 2016, driven by major public sector projects: the railroad to Ethiopia, the construction of several new ports, and a water pipeline from Ethiopia. Inflation rose to 3 percent on average in 2016, reflecting increased food and service prices.

Suggested Citation

  • International Monetary Fund, 2017. "Djibouti: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti," IMF Staff Country Reports 2017/087, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2017/087
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=44807
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    Cited by:

    1. Bak Barnaba Chol & Elizabeth Kalunda Nthambi & Joseph N. Kamau, 2019. "Influence of bank stability on the financial performance of commercial banks in South Sudan," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(5), pages 251-257, September.
    2. Bak Barnaba Chol & Elizabeth Kalunda Nthambi & Joseph N Kamau, 2019. "Ownership structure, bank stability and the financial performance of commercial banks in South Sudan," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(6), pages 31-39, October.

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