Djibouti

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Djibouti’s economic growth, based to a large degree on capital investment in infrastructure development and logistics, has been underscoring the expansion of its banking system. Since liberalisation of the sector in 2006 a number of new financial institutions have set up shop in the country, hoping to take advantage of its growing role as a...

 

Djibouti’s GDP growth of 6.7% in 2017 was primarily due to government efforts to overhaul the economy under the auspices of its flagship national development blueprint, Djibouti Vision 2035. The plan’s aim is to transform the country into a middle-income economy, as well as a regional transport and logistics hub, and it seems to have been...

 

To help the country’s public administration adapt to an increasingly globalised economy, Djibouti is embarking on a programme to digitalise its government services. The scheme, known as the Public Administration Modernisation Project, was launched in April 2018, with a four-year implementation period, and will be supported through a $15m loan...

Like many of its African peers, Djibouti’s economy has performed positively in recent years, with GDP growing by 6.7% in 2017. The country owes this performance primarily to government efforts since 2014 to overhaul the economy, mainly via its flagship national development blueprint, Djibouti Vision 2035. The plan’s overarching aim is to transform...

 

Situated on the Horn of Africa at the entrance of the Red Sea on the strait of Bab el Mandeb and overlooking routes linking Europe, Africa, the Middle East and Asia, Djibouti aims to further leverage its unique location among important routes of commerce to become an international trade hub. The country hopes to maintain the stable economic...