{"id":812,"date":"2020-12-27T06:23:11","date_gmt":"2020-12-27T06:23:11","guid":{"rendered":"https:\/\/www.africa-press.com\/djibouti\/?p=812"},"modified":"2020-12-27T06:05:31","modified_gmt":"2020-12-27T06:05:31","slug":"comment-djibouti-continue-a-investir-malgre-son-endettement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/djibouti\/dossiers\/comment-djibouti-continue-a-investir-malgre-son-endettement","title":{"rendered":"Comment Djibouti continue \u00e0 investir malgr\u00e9 son endettement"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.com\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.com\/djibouti\">Djibouti<\/a>. <\/strong><\/span>Handicap\u00e9 par le poids de sa dette, Djibouti poursuit ses projets de d\u00e9veloppement, notamment via la conclusion de partenariats public-priv\u00e9, souligne l\u2019\u00e9conomiste Zakaria Egueh.<\/p>\n<p>dans ce dossier Voir tout le sommaire Ports africains : acc\u00e9l\u00e9rer les mutations gr\u00e2ce aux PPP A l\u2019aff\u00fbt de projets portuaires \u00ab raisonnables \u00bb<br \/>\nPorts africains &#8211; \u00ab Il faut attirer le secteur priv\u00e9 mais pas au d\u00e9triment du public \u00bb<\/p>\n<p>Djibouti fait partie des vingt pays africains pour lesquels les cr\u00e9anciers du Club de Paris ont annonc\u00e9 au d\u00e9but d\u2019ao\u00fbt le gel du paiement de la dette contract\u00e9e entre le 1er mai et le 31 d\u00e9cembre 2020 afin d\u2019att\u00e9nuer l\u2019impact de la crise sanitaire.<\/p>\n<p>Malgr\u00e9 cela, le pays doit composer avec un niveau de dette \u00e9lev\u00e9, autour de 70% du produit int\u00e9rieur brut (PIB). Un poids qui complique la mise en oeuvre des projets n\u00e9cessaires au d\u00e9veloppement du pays.<\/p>\n<p>Bon connaisseur des \u00e9conomies de la Corne de l\u2019Afrique, l\u2019\u00e9conomiste Zakaria Egueh, pass\u00e9 par la Banque africaine de d\u00e9veloppement (BAD) et l\u2019Autorit\u00e9 des ports et zones franches de Djibouti (DPFZA), analyse les mesures prises par l\u2019\u00c9tat pour r\u00e9soudre cette difficult\u00e9. Il met notamment en avant le r\u00f4le cl\u00e9 jou\u00e9 par les partenariats public-priv\u00e9 (PPP). Zakaria Djama Egueh \u00a9 DR<\/p>\n<p><b>Jeune Afrique\u2009: Dans son programme Vision 2035, Djibouti est appel\u00e9 \u00e0 investir massivement dans les infrastructures. Mais comment le faire sans alourdir encore sa dette\u2009?<\/b><\/p>\n<p><b>Zakaria Egueh\u2009:<\/b><\/p>\n<p>En octobre 2019, le FMI a pass\u00e9 en revue les comptes nationaux, comme chaque ann\u00e9e. Jusqu\u2019\u00e0 pr\u00e9sent, plusieurs secteurs de l\u2019\u00e9conomie n\u2019avaient pas \u00e9t\u00e9 pris en compte, comme les nouveaux ports et les zones franches. Aussi, apr\u00e8s r\u00e9\u00e9valuation, la dette se situe-t-elle d\u00e9sormais autour de 70 % du PIB [contre plus de 100% \u00e0 fin 2018 selon le Fonds mon\u00e9taire international, ndlr].<\/p>\n<p>Mais elle reste un fardeau alors que de nouveaux projets attendent d\u2019\u00eatre men\u00e9s \u00e0 bien pour am\u00e9liorer la comp\u00e9titivit\u00e9 du pays et attirer plus d\u2019investisseurs priv\u00e9s.<\/p>\n<p>Les PPP deviennent d\u2019autant plus pertinents que les besoins en investissements sont sup\u00e9rieurs aux ressources publiques disponibles et qu\u2019il faut des comp\u00e9tences dont le secteur public ne dispose pas toujours, dans le secteur de l\u2019\u00e9nergie, entre autres.<\/p>\n<p><b>Ces partenariats se concr\u00e9tisent-ils\u2009?<\/b><\/p>\n<p>Le projet le plus avanc\u00e9 est celui du parc \u00e9olien du Ghoubet, financ\u00e9 en grande partie par un consortium de capitaux priv\u00e9s, men\u00e9 notamment par Great Horn Investment Holding [GHIH], qui repr\u00e9sente l\u2019\u00c9tat, et Africa Finance Corporation [AFC]. Siemens Gamesa a \u00e9t\u00e9 charg\u00e9 de sa mise en \u0153uvre et assurera la maintenance du parc. Par ailleurs, le Conseil des ministres a r\u00e9cemment valid\u00e9 deux PPP, l\u2019un pour une centrale solaire \u00e0 Grand-Bara et l\u2019autre pour une centrale de valorisation \u00e9nerg\u00e9tique des d\u00e9chets.<\/p>\n<p><b>Les pr\u00eats souverains contract\u00e9s aupr\u00e8s d\u2019Exim Bank of China, notamment pour financer la construction du chemin de fer, p\u00e8sent lourd dans le budget de l\u2019\u00c9tat. Cela a-t-il acc\u00e9l\u00e9r\u00e9 la mise en \u0153uvre des PPP\u2009?<\/b><\/p>\n<p>Les pr\u00eats souverains p\u00e8sent d\u2019autant plus que les projets ne g\u00e9n\u00e8rent pas le flux de tr\u00e9sorerie n\u00e9cessaire au remboursement de l\u2019emprunt. Dans le cas de projets structur\u00e9s en PPP, le financement provient majoritairement du priv\u00e9 et le remboursement repose essentiellement sur leur performance op\u00e9rationnelle. Aussi, l\u2019incidence sur les comptes nationaux, et donc sur la dette publique, reste-t-elle limit\u00e9e, voire nulle.<\/p>\n<p><b>Dans ce cadre, quel r\u00f4le peut jouer le Fonds souverain de Djibouti (FSD), cr\u00e9\u00e9 en juin\u2009?<\/b><\/p>\n<p>Le FSD va co-investir dans ces projets en jouant un r\u00f4le de catalyseur de capitaux priv\u00e9s. Actuellement, plusieurs entit\u00e9s publiques disposent de fonds importants qui, malheureusement, ne sont pas plac\u00e9s, tels ceux de la Caisse nationale de s\u00e9curit\u00e9 sociale.<\/p>\n<p>D\u00e9sormais, tous les \u00e9tablissements publics qui g\u00e9n\u00e9reront des profits les placeront dans le FSD, c\u2019est-\u00e0-dire dans l\u2019\u00e9conomie et dans les projets qui d\u00e9gagent des revenus, comme GHIH, qui versera ses dividendes, en provenance des zones franches par exemple.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Djibouti. Handicap\u00e9 par le poids de sa dette, Djibouti poursuit ses projets de d\u00e9veloppement, notamment via la conclusion de partenariats public-priv\u00e9, souligne l\u2019\u00e9conomiste Zakaria Egueh. dans ce dossier Voir tout le sommaire Ports africains : acc\u00e9l\u00e9rer les mutations gr\u00e2ce aux PPP A l\u2019aff\u00fbt de projets portuaires \u00ab raisonnables \u00bb Ports africains &#8211; \u00ab [&hellip;]<\/p>\n","protected":false},"author":82,"featured_media":811,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,3,11,10],"tags":[36,49,50],"class_list":["post-812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dossiers","category-economie","category-homepage-french","category-toutes-les-actualites","tag-africa-press","tag-africa-press-djibouti","tag-djibouti"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - 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