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

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...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 45 pages 
651 4 |a Djibouti 
653 |a International Lending and Debt Problems 
653 |a Spendings tax 
653 |a Depository Institutions 
653 |a Fiscal Policy 
653 |a External debt 
653 |a International economics 
653 |a Exports and Imports 
653 |a Personal Income and Other Nonbusiness Taxes and Subsidies 
653 |a Debt rescheduling 
653 |a Fiscal policy 
653 |a Public finance & taxation 
653 |a Current spending 
653 |a Micro Finance Institutions 
653 |a Expenditures, Public 
653 |a Public Finance 
653 |a Banks 
653 |a Expenditure 
653 |a Banks and Banking 
653 |a Income tax 
653 |a Debt Management 
653 |a Banking 
653 |a Debt 
653 |a Financial Risk Management 
653 |a National Government Expenditures and Related Policies: General 
653 |a Mortgages 
653 |a Sovereign Debt 
653 |a Financial institutions 
653 |a Arrears 
653 |a Business Taxes and Subsidies 
653 |a Macroeconomics 
653 |a Commercial banks 
653 |a Taxation 
653 |a Debts, External 
653 |a Finance 
653 |a Banks and banking 
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520 |a 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