Djibouti: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 074

Publication date: March 2004

ISBN: 9781451810622

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , government , Djibouti , banking system , wage , Djibouti banking regulation , economic growth , wage bill , private sector , central bank , banking law , debt ratio , Commercial banks , Fiscal consolidation , Sub-Saharan Africa , Africa , Southern Africa , East Africa , Europe

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Summary

The most important challenge faced by the Djibouti authorities is to achieve high rates of economic growth in order to create employment opportunities for a rapidly increasing labor force and to alleviate rising poverty. In this paper, developments and the role of the financial system during the program period are reviewed. Then, the currency board arrangement (CBA) and its role in macroeconomic developments are discussed. The study also discusses the main financial sector reforms and explains why their impact has been limited.