Economy

With strong ties to France, its former colonial power, as well as good relations with its African neighbours, Djibouti is well placed both politically and geographically to serve as a regional trade leader. After gaining independence, Djibouti’s territorial integrity and external defence were guaranteed under the 1977 Treaty of Friendship and...

Decades of growth in trade and foreign investment have seen global economies become more interconnected than ever before. This trend has been reinforced by the steady liberalisation of international trade and investment, at the bilateral, plurilateral and multilateral levels. National economic specialisations, and regional economic and...

Africa is at a crucial crossroads, and the direction it takes in the next few years will have a major impact – for good or for ill – not only on the continent, but globally. Djibouti is a nexus for political, trade, development and security issues in the Horn of Africa and it will play a critical role in shaping regional dynamics in coming years....

A small country maintaining good relations with both of its neighbours and a range of global powers, Djibouti is often referred to as an island of stability in a sometimes-troubled region. Despite domestic challenges related to the country’s economic and infrastructural development, political life has been relatively peaceful in recent years,...

Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...