Djibouti: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2004
Issue 073
Publication date: March 2004
ISBN: 9781451810615
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , staff visit , staffs recommendation , staff appraisal , staff of a draft Memorandum of Economic and Financial Policies , discussion , Djibouti authorities , Arrears , Public investment spending , Poverty reduction strategy , Sub-Saharan Africa
Summary
An important challenge for Djibouti is to implement a comprehensive strategy to promote private investment and job creation to reduce poverty. The medium-term macroeconomic outlook is dominated by the authorities' plan to launch a public investment program along with the planned construction of a new deep water seaport. The authorities have improved the expenditure control and monitored the framework, but could further enhance the transparency of public finance. Although Djibouti improved its macroeconomic database in recent years, its statistical system continues to fail owing to changes in quality, frequency, and dissemination.
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