Economy
From The Report: Djibouti 2018
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Building on consecutive years of robust headline growth, Djibouti has been able to leverage its geographic position to specialise in transport and logistics operations. This has brought integration with global commerce routes and an increase in infrastructure investment. However, to create a more reliable mechanism for poverty reduction and job creation, further improvements to the operating environment are needed. Nevertheless, the country is well placed for continued growth over the coming years, which could be aided by a better interconnection between the domestic business sector and the foreign investments reshaping Djibouti’s transport infrastructure network. This chapter contains interviews with Ilyas Moussa Dawaleh, Minister of Economy and Finance; Mohamed Aramis, Minister of Decentralisation; and Ouloufa Ismail Abdo, Director, Djibouti Office of Industrial and Commercial Property.
Articles from this Chapter
A global nexus: Regulatory reform and an ambitious national development programme further connect the country with global trade flows
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What measures are actively being taken to support the decentralisation of the state? ARAMIS: It must first be recalled that decentralisation derives its legal status from the constitution, which outlines as a principle the free administration of territorial collectivities, endowed with legal personality, as well as administrative and financial autonomies. These constitutional principles were further enshrined and relayed twice by the legislature: first through the 2002 law on decentralisation…
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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 from the World Bank. The project aims to establish the necessary digital infrastructure to create a more efficient and transparent public administration,…
Tax liabilities: Impacts of the trend towards lower corporate tax rates on developed and developing economiesOBGplus
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing investment have emerged, further reducing the effective rates paid by transnational corporations. In the aftermath of the 2007-08 global financial crisis, many countries were compelled to slash spending and raise revenue in order to rein in precipitous budget deficits. Even as tax revenues as a share…
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Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing investment have emerged, further reducing the effective rates paid by transnational corporations. In the aftermath of the 2007-08 global financial crisis, many countries were compelled to slash spending and raise revenue in order to rein in precipitous budget deficits. Even as tax revenues as a share…
