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Djibouti: Fourth Review Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria: Staff Report and Press Release.
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 169
Language:
English
Publication Date:
10 Jul 2012
DOI:
https://doi.org/10.5089/9781475505849.002
ISBN:
9781475505849
ISSN:
1934-7685
Pages:
51
Keywords:
ISCR; CR; ECF arrangement; Extended Credit Facility arrangement; government; disbursement of SDR; government finance statistics mission; membership status; Arrears; Current spending; Financial statistics; Public enterprises; North Africa
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The fourth review of Djibouti’s economic performance under the Extended Credit Facility (ECF) arrangement highlights that the authorities maintained fiscal discipline in 2010, but fiscal performance weakened in the first months of 2011. The authorities made progress toward tackling high input costs, which hinder the development of the private sector. The Djibouti authorities remain committed to the IMF program, especially in the areas of fiscal discipline and structural reforms in tax revenue, public financial management, bank supervision, and central bank governance.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund