Djibouti: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 178

Publication date: May 2007

ISBN: 9781451810684

$18.00

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , ISCR , CR , government , reform , central bank , Djibouti , Djibouti authorities , IMF's poverty reduction , support Djibouti's participation , trust fund , money market , IMF's effort , balance of payments mission , banking sector , Arrears , Balance of payments statistics , Fiscal stance , Southern Africa , East Africa , Africa , Sub-Saharan Africa , Global

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Summary

Djibouti’s 2007 Article IV Consultation focuses on the medium-term growth prospects and policies necessary to ensure that growth is broad based and accompanied by sufficient employment creation. Real GDP growth is estimated at 4.8 percent in 2006, driven by fiscal expansion, and a sizable private investment in the port and construction sectors. Consumer price inflation has increased slightly from 3.1 percent on average in 2005 to 3.6 percent in 2006, reflecting mainly increases in the prices of food, housing, water, and electricity.