• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A woman's hand holding an infinity symbol on a green background, representing growth prospects in Djibouti.

Djibouti’s Economic Challenges and Growth Prospects: Insights from the World Bank

11/19/2022
Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

10/10/2025
ASASOFT GROUP Nominated for the Go Global Awards 2025

ASASOFT GROUP Nominated for the Go Global Awards 2025

10/10/2025
CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

10/10/2025
U.S. Tariffs Drive 44% Drop in Key Chinese Imports as Trade Volumes Shift

U.S. Tariffs Drive 44% Drop in Key Chinese Imports as Trade Volumes Shift

10/10/2025
Daily Price Tracking Shows Gradual but Noticeable Impact of U.S. Tariffs on Consumers

Daily Price Tracking Shows Gradual but Noticeable Impact of U.S. Tariffs on Consumers

10/10/2025
Mexico Delays Tariff Hike Decision, Plans Talks with China and Other Trade Partners

Mexico Delays Tariff Hike Decision, Plans Talks with China and Other Trade Partners

10/10/2025
Business team analyzing financial reports with charts and calculator; Canada's economic struggles. - Supply Chain News

Carney Heads to Washington for Tariff Talks Amid Canada’s Economic Struggles

10/10/2025
Amara Studio Sphere Nominated for the Go Global Awards 2025

Amara Studio Sphere Nominated for the Go Global Awards 2025

10/09/2025
Business in a Box Nominated for the Go Global Awards 2025

Business in a Box Nominated for the Go Global Awards 2025

10/08/2025
European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

10/08/2025
U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

10/08/2025
Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

10/08/2025
supplychainreport
Sunday, October 12, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Djibouti’s Economic Challenges and Growth Prospects: Insights from the World Bank

by Geraldine S.
11/19/2022
in Economic Indicators, Global Trade

YOU MAY ALSO LIKE

Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

CEOs Warn Tariffs Could Disrupt Business and Raise Consumer Prices

Djibouti, after experiencing economic growth in 2021, has encountered a slowdown in its economy since the start of 2022. This deceleration can be attributed to several factors, including the Ukraine conflict, global inflation, severe drought, and decreased demand from Ethiopia. However, there is optimism for a resurgence in growth, with expectations of a 5.3% expansion in 2023 and a further increase to 6.2% in 2024. Additionally, unlocking competition in the digital sector could contribute to a 1% boost in the national GDP by 2025, as revealed in the latest edition of the World Bank’s Djibouti Economic Monitor.

The biannual report examines Djibouti’s development trends and challenges. The autumn 2022 report, titled “Towards Sustainable Growth: Improving Fiscal Stability and Competitiveness of the Digital Sector,” estimates that real GDP growth for the entirety of 2022 will be 3.6%, down from the 4.3% recorded in 2021. However, 2022 has seen a rise in inflation due to soaring global oil and food prices, with the year-on-year rate reaching 11% by the end of June. Furthermore, efforts to mitigate the impacts of the Ukraine conflict and worsening drought have exerted pressure on the fiscal deficit. An alarming development has been the tripling of public debt service in 2022, prompting the government to temporarily suspend some of its foreign debt payments.

Boubacar-Sid Barry, the World Bank Resident Representative in Djibouti, emphasized the need for urgent action to facilitate the country’s economic recovery over the next two years. This action plan includes fast-tracking structural reforms, achieving fiscal consolidation, and implementing both private and public investment programs. The report sheds light on the current government’s initiatives, which aim to bolster Djibouti’s resilience to various shocks and create new economic opportunities. For instance, Djibouti’s strategy to diversify its port activities seeks to capture greater value in international trade. This strategy encompasses the development of a ship repair yard, a new oil terminal, and a fresh business district at the old port. Additionally, the nation is crafting a national strategy to promote a green economy, addressing the effects of climate change and generating additional income for its citizens.

A special chapter in the report examines the economic potential of opening Djibouti’s digital sector by ending the near monopoly of Djibouti Telecom. The report suggests that introducing competition in this sector could lead to more affordable and improved services, fostering the growth of new industries and strengthening Djibouti’s role as a regional hub. This development could also attract increased private investment, benefiting the country’s micro, small, and medium-sized enterprises while creating employment and entrepreneurship opportunities, particularly for its youth.

Stay informed on supply chain news at The Supply Chain Report. Free international trade tools are at ADAMftd.com.

#DjiboutiEconomicGrowth #Djibouti2023 #GlobalInflationImpact #UkraineConflictEffects #DigitalSectorCompetition #DjiboutiPortDevelopment #GreenEconomyDjibouti #FiscalConsolidation #PublicDebtService #StructuralReforms #DjiboutiTelecomMonopoly #WorldBankDjibouti #EconomicRecovery #DjiboutiBusinessDistrict #OilTerminalDevelopment #ShipRepairYard #DjiboutiTelecomReforms #DjiboutiResilience #PublicPrivateInvestment #DjiboutiYouthEmployment #DjiboutiPortStrategy #SustainableGrowth #DjiboutiGreenEconomy #DjiboutiFiscalDeficit

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.