How is djiboutis economy

These measures yielded positive results that led to the lifting of the lockdown and opening up of the country. The government maintained minimum security measures such as social distancing, mask-wearing, and systematic testing at entry points into the country.

Real GDP growth slowed to 1. Total revenues, excluding grants, fell from The COVID—19 crisis has also resulted in a sharp deceleration of investments, which increased by only Djibouti is the third smallest country by area in mainland Africa but one of the most geopolitically important. The amount of commercial and political interest in Djibouti is unprecedented for a country so small in Africa.

Such interest could either turn Djibouti into a half-finished ghost town laden with debt, or a prototype of the city of tomorrow. My hope is that the country will take the latter route.

This strategic strength has not gone unnoticed by international players, most notably China. The investment will also cover the Djibouti Business District, complete with yacht-lined marinas and tree-lined boulevards.

Djibouti is overdue for an economic boom. To date, instability and piracy in neighbouring Somalia has kept expats and investors away, as have border clashes with Eritrea. An economy solely reliant on foreign investment and transport hubs, however, could leave Djibouti exposed to unpredictable global markets.

However, I am optimistic. Similarly, the government is working to diversify the economy by investing in tourism, fishing and energy. The first case of Covid was discovered in Djibouti in mid-March The virus had infected over 6, people by end-February , with almost the same number treated.

The country recorded 63 deaths. Following a seven-week general lockdown, closed land and air borders, and a rigorous testing campaign with more than , tests done, Djibouti was able to substantially control the first wave of the pandemic. The Djibouti Covid response contributed to that effort and achieved great results in a short amount of time. The substantial borrowing that MENA governments incurred to finance health and social protection measures increased government debt. Countries must continue spending on health and income transfers, which will add to This site uses cookies to optimize functionality and give you the best possible experience.

If you continue to navigate this website beyond this page, cookies will be placed on your browser. To learn more about cookies, click here. Where We Work Djibouti. Djibouti Home Overview. Last Updated: Nov 01, Improving Health Sector Performance project The ongoing Improving Health Sector Performance project has increased the use of quality health care services for maternal and child health. Specific results include: 27, households—nearly , people—received food vouchers, and another 4, households—or about 29, people—received cash transfers during the first COVID outbreak and ensuing lockdown.

Over , beneficiaries received quality health care services; more than 90, women received two to four prenatal visits.