IMF Executive Board Concludes 2019 Article IV Consultation with Djibouti
On September 30, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation  with Djibouti.
The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures with the aim of positioning Djibouti as a regional trade and logistics hub. Combined with reforms to improve the business climate, this development strategy has fueled a strong economic expansion. There has also been some progress on social indicators, although unemployment and poverty remain high.
Real GDP growth averaged close to 7 percent during 2014–17. After a slowdown in 2017, a recovery in trade flows has lifted growth—to an estimated 5.5 percent last year. Growth is projected to remain strong over the medium term, at around 6 percent annually. Inflation has been low, driven by declining food prices.
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