Djibouti - Public Debt Sustainability Support Project (PASDP)

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 Bank's latest fragility analysis, to contribute to the country's resilience.