Fiscal Year 2026
Capacity Development Activities
Public Debt Management
Strengthening the Institutional Framework for Public Debt Management
In September, METAC supported the Ministry of Budget in strengthening the institutional framework for public debt management by supporting the National Committee of Public Debt (CNEP) and improving coordination. The mission assisted the authorities in drafting a procedures manual and identifying practical steps to make the CNEP and its technical commission fully operational for effective debt management decisions. The mission also trained staff to interpret financial terms, assess loan costs and risks, and evaluate concessionality.
MTDS Formulation and Implementation
A joint METAC/World Bank/UNCTAD mission in October trained staff from the debt management directorate within the ministry of budget on the use of the medium-term debt management strategy (MTDS) framework and its Analytical Tool, and the interpretation of the outputs and results. It trained participants in data preparation for the Analytical Tool, the use of forward-looking debt portfolio risk analysis and exploring feasible alternative financing options and cost-risk tradeoffs. It also assisted the authorities in developing a debt management strategy for the first time.
Revenue Administration
Customs Law Reform: METAC Hybrid Support
METAC provided hybrid support to Djibouti’s General Directorate of Customs and Indirect Taxes (DGDDI), focusing on modernizing the country’s customs legislation. The initiative included: (i) a review of the existing 2011 Customs Code against international good practices; (ii) preparation of a comprehensive draft for new primary customs legislation; and (iii) outline of next steps for consolidating the draft before submission to the Ministry of Finance. Key gaps were identified and discussed during a collaborative in-person workshop in Djibouti (September 28–October 2, 2025), where draft legislative texts and an action plan were developed with DGDDI.
Tax Policy
Annual Tax-Expenditure Report
A METAC remote mission between June and September continued work on tax expenditures, aiming to help the authorities improve the annual tax-expenditure report to be annexed to the draft 2026 Budget bill, including updated information and a more precise assessment.
