World News

Djibouti Gets Investment Infusion

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Djibouti City – A delegation of the World Bank Group Executive Directors (EDs) visited the African country to assess its current economic development for possible investment opportunities. The EDs are looking to make investments in areas surrounding youth and women enterprises.

Discussions centered around challenges to sustainable growth in Djibouti and the need to implement structural reforms and invest in human capital is essential to the economic development said the Executive Directors.

The EDs met with government officials, representatives from the private sector and young entrepreneurs. Djibouti is in urgent need of funds for structural reforms and investment into human capital.

The EDs met with Djibouti’s President Ismaïl Omar Guelleh and the Minister of Finance and Economy Ilyas Moussa Dawaleh where they focused on a broad strategic direction for Djibouti including putting in place programs gear to improve the banking and private sector.

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