European Parliament Library

Djibouti, First Review Under the Three - Year Arrangement Under the Poverty Reduction and Growth Facility - Staff Report; Statement by the IMF Staff Representative; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Djibouti, International Monetary Fund

The overall fiscal position improved and the reduction in domestic arrears was triple the program target. The direct impact of the global financial crisis on Djibouti has been limited. The financial system has not been affected by the global crisis, and capital adequacy has improved slightly despite increased competition. GDP growth remained strong in 2008, and inflation decelerated during the fourth quarter. The risk of external debt distress remains high. Banks remain profitable and have not been affected by the global financial crisis
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Recent Economic Developments and Performance under the PRGF; Figures; 1. Selected Recent Economic Developments; 2. Recent Fiscal Developments; 3. Total Factor Productivity, 2004-08; Box; 1. Paris Club Rescheduling Agreement; 4. NPV of External Debt-GDP Under Alternative Scenarios, 2008-28; III. Policy Discussions; A. Medium-Term Macroeconomic Framework; B. Macroeconomic Policies During 2009; 5. Medium-Term Macroeconomic Projections; C. Structural Policies During 2009; IV. Program Issues; V. Staff Appraisal; Tables
Literary Form
non fiction
First edition.
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE