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

Abstract
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
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283558853

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