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International Monetary Fund. External Relations Dept.

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

International Monetary Fund. External Relations Dept.

This paper highlights that the annual meetings of the World Bank and its affiliates, the International Development Association (IDA) and the International Finance Corporation (IFC), and of the IMF, were held in September 1965 in Washington. At the Bank Group meetings, stress was laid on the urgent needs of the less developed countries and on the Group’s plans for increasing its help toward meeting these needs. In his annual address, the President of the three institutions, Mr. Woods, emphasized the widening spectrum of the World Bank’s lending.

S. Aldewereld

In its many dealings with consulting engineers, the Bank has no fixed list of firms; it is always on the lookout for new talent.

International Monetary Fund

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.

International Monetary Fund

The attached Joint Staff Assessment (JSA) of the Poverty Reduction Strategy Paper (PRSP) on Djibouti reviews poverty reduction objectives and strategies. The authorities invested considerable effort in building national ownership of the PRSP by strengthening the institutional framework. The authorities made a special effort toward filling the knowledge gap on poverty that was identified in the I-PRSP. The staff of the World Bank and the IMF considers that Djibouti’s poverty reduction strategy outlined in the PRSP provides a sound basis for IMF and the International Development Association (IDA) concessional assistance.