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 [1] 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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