| Project Detail |
Approval Date 06 Apr 2023
Planned Completion Date 31 Dec 2026
Last Disbursement Planned Date 31 Dec 2026
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 1,000,000
Status Approved
Project General Description
The Public Debt Sustainability Support Project (PASDP) will contribute to the economic and financial governance programme provided for in Pillar 3 of the National Development Plan (NDP) "DJIBOUTI ICI" (2020 - 2024). In particular, it will support its priority on improving institutional capacity to "strengthen and maintain a sound macroeconomic framework [...] establish and strengthen communication on economic and financial governance". The project is structured around two functional components and a management component as follows: (i) Strengthening core public debt management functions; (ii) Improving the public debt monitoring/evaluation framework and tools; and (iii) Project management. The total cost is 1,000,000 Units of Account, paid 100% by the Bank Group without counterpart funds. PASDP will achieve significant impacts with low transaction costs, while addressing specific fragility drivers identified in the Banks latest fragility analysis, to contribute to the countrys resilience.
Project Objectives
The objective of the PASDP is to improve the countrys resilience through institutional capacity building for accountable, transparent and results-oriented debt management. It will improve public debt planning and management capacity by supporting the Public Debt Directorate in the implementation of its missions and by supporting the coordination of stakeholders involved in public debt management in Djibouti.
Beneficiaries
The PASDP will be implemented in Djibouti. It will directly benefit the Direction de la Dette Publique (DDP), which is part of the Ministry of Budget. This Directorate has 25 employees and the project will, among other things, improve its internal capacity and service delivery. More generally, it will benefit stakeholders involved in public debt management in Djibouti, including the Directorate of External Financing (DFE) attached to the Ministry of Economy and Finance, in charge of industry, which also has prerogatives in public debt management. |
