DJIBOUTI DJIBOUTI | Overview

Official name: Republic of Djibouti

Capital: Djibouti

Official languages: Arabic and French

Monetary unit: Djiboutian Franc

Population(million – 2013): 872,932

Total area (sq km): 23,000


OVERVIEW

The tiny country of Djibouti strategically situated on the western edge of the Gulf of Aden and the entrance to the Red Sea. It has borders with Eritrea in the North, Ethiopia in the West and South, and Somalia in the South-east. The growth of the economy around 4.5 percent in the past years is attributable to the progress in its port industry as well as financing and investment from the foreign counterparts.

Sustainable growth has enabled the Government to put its attention in solving the poverty dilemma in the country as more than 20 percent of its population live in extreme poverty. Since food needs in Djibouti is totally dependent on imports, the Government aims to focus on mitigating the external shocks such as spikes in food and fuel prices as well as natural disasters.


Year joined ICD:

Number of projects approved: 1

Gross Approval ($US million): 4.00

Gross Disbursement ($US million): 4.00