Djibouti is one of the smallest countries in Africa. The size of its economy limits its ability to diversify production and increases its reliance on foreign markets, making it more vulnerable to market downturns and hampering its access to external capital.
A newly approved US$15 million credit from the International Development Association is expected to help expand access to affordable housing in Djibouti.
The report forecasts MENA’s GDP will slow to 3.0% in 2023, from 5.8% in 2022. Oil exporters will experience slower growth, but a large gap remains between high-income countries and the rest of the region.
The World Bank’s biennial Poverty and Shared Prosperity report finds that the rate of extreme poverty in the MENA region rose from 3.8% in 2015 to 7.2% in 2018 — the latest year for which data is available.
The World Bank and the German Development Cooperation have joined efforts to take a fresh look at reconstruction, development, and the transition to sustainable peace in the Middle East and North Africa (MENA) region and ...
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