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Macro-Fiscal Implications of Climate Change: The Case of Djibouti

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  • Mr. Alexei P Kireyev

Abstract

This paper reviews the significant macro-fiscal challenges posed by climate change in Djibouti and the costs of mitigation and adaptation policies. The paper concludes that Djibouti is susceptible to climate change and related costs are potentially large. Investing now in adaptation and mitigation has large benefits in terms of reducing the related costs in the future. Reforms to generate the fiscal space are therefore needed and investment for mitigation and adaptation to climate change should be built into the long-term fiscal projections. Finally, concerted international efforts and stepping up regional cooperation could help moderate climate-related macro-fiscal risks.

Suggested Citation

  • Mr. Alexei P Kireyev, 2018. "Macro-Fiscal Implications of Climate Change: The Case of Djibouti," IMF Working Papers 2018/233, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2018/233
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    References listed on IDEAS

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    3. Mr. Alexei P Kireyev & Jingyang Chen, 2017. "Inclusive Growth Framework," IMF Working Papers 2017/127, International Monetary Fund.
    4. Ezequiel Cabezon & Leni Hunter & Patrizia Tumbarello & Kazuaki Washimi & Yiqun Wu, 2019. "Enhancing macroeconomic resilience to natural disasters and climate change in the small states of the Pacific," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 33(1), pages 113-130, May.
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    6. Mr. Alexei P Kireyev, 2017. "Growth Inclusiveness in Djibouti," IMF Working Papers 2017/093, International Monetary Fund.
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    Cited by:

    1. Mark Edem Kunawotor & Godfred Alufar Bokpin & Patrick O. Asuming & Kofi A. Amoateng, 2022. "The Impacts of Extreme Weather Events on Inflation and the Implications for Monetary Policy in Africa," Progress in Development Studies, , vol. 22(2), pages 130-148, April.
    2. Ayoub Al-Jawaldeh & Maya Nabhani & Mandy Taktouk & Lara Nasreddine, 2022. "Climate Change and Nutrition: Implications for the Eastern Mediterranean Region," IJERPH, MDPI, vol. 19(24), pages 1-27, December.
    3. Mark Edem Kunawotor & Godfred Alufar Bokpin & Patrick O. Asuming & Kofi A. Amoateng, 2022. "The implications of climate change and extreme weather events for fiscal balance and fiscal policy in Africa," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 24(2), pages 470-492, December.

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