Leveraging Djibouti's sovereign wealth to boost economic development
Djibouti | Economy
Harry van Schaick, Managing Editor - Africa for Oxford Business Group, speaks with Slim Feriani, CEO, Djibouti Sovereign Fund (Fonds Souverain de Djibouti, FSD) about the country’s investment climate, improving governance, and Djibouti’s Vision 2035. Djibouti plans to diversify its economy across all sectors, including shipping, tourism, financial services, and the digital economy, thanks to the use of a PPP-type model with global experts as partners. The country’s comparative advantages include political and social stability and a pegged currency that reduces foreign exchange risk. Djibouti aims to achieve inclusive and sustainable growth by 2035, and the FSD is looking to attract $1bn in investment over the next three to five years. This vidcast was produced as part of a larger study by OBG in partnership with Djibouti’s government, titled "The Report: Djibouti 2023," which will be published soon.