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Djibouti : 2014 article IV consultation: press release: staff report: and statement by the Executive Director for Djibouti.

Author: International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, ©2015.
Series: IMF country report, no. 15/338.
Edition/Format:   eBook : Document : International government publication : English
Summary:
The government of Djibouti has launched an ambitious debt-financed investment program that would spur economic growth but also exacerbate fiscal and external debt vulnerabilities when there is already a high risk of debt distress. The authorities consider that this program is the only path towards reducing widespread poverty and unemployment; Djibouti remains critically dependent on port services and lacks natural  Read more...
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Details

Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
OCLC Number: 933666966
Notes: "December 2015."
Description: 1 online resource (128 pages) : color illustrations.
Series Title: IMF country report, no. 15/338.
Other Titles: Djibouti, 2014 article IV consultation

Abstract:

The government of Djibouti has launched an ambitious debt-financed investment program that would spur economic growth but also exacerbate fiscal and external debt vulnerabilities when there is already a high risk of debt distress. The authorities consider that this program is the only path towards reducing widespread poverty and unemployment; Djibouti remains critically dependent on port services and lacks natural resources and a viable agricultural sector. They concur with staff that strong growth and fiscal reform are essential to generate the substantial revenues required to service the public debt and realize the benefits of their investment plans.

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