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Djibouti: Sixth Review Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 078
Language:
English
Publication Date:
21 Mar 2013
DOI:
https://doi.org/10.5089/9781484355923.002
ISBN:
9781484355923
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; government; ECF arrangement; financing; government transition; transit trade; debt sustainability analysis state; net banking system credit; Arrears; Balance of payments statistics; Commercial banks; Current spending; Credit; Africa
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The article is a review on Djibouti’s Extended Credit Facility (ECF) program and the performance of economic development in the program. The ECF program helped Djibouti to maintain macroeconomic stability, and the period underwent a transformation in the Djiboutian economy. The country saw an economic increase, and the banking system boomed. A positive thought of economic growth is projected in 2012, so plans were targeted to pursue fiscal reforms to improve debt sustainability, strengthening the banking sectors. The authorities of the Executive Board expect another program similar to the ECF.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2013: Issue 078