• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Where do infrastructure projects fit into Djibouti’s development plans, and how can these be financed in a sustainable way?

 

In 2014, President Obama and President Guelleh announced the annual US-Djibouti Binational Forum, and we held the initial round of that in 2015 in Washington. We had a very fruitful conversation there laying out a lot of the agenda. We’re following up on that agenda, I must say, speedily and effectively. The US and Djibouti are friends, and we...

 

What are the obstacles to increasing economic integration in the Horn of Africa? LOPES: One obvious obstacle is the question of stabilisation in Somalia. Regional peace and security is a prerequisite for greater economic integration. But in areas like cross-border cooperation on energy, or trade facilitation, enormous progress has...

 

Over the years, Djibouti has demonstrated both the value and the importance of having a foreign policy approach that not only emphasises economic development but also paves the way for close cooperation with external partners in pursuit of this goal. For Djibouti, cooperation with our economic partners has always been a two-way process, and...

 

In political terms, Djibouti is a young country. It achieved independence less than 40 years ago and has only had two presidents in that time. This comparative stability in what is a volatile region has allowed the country to develop relatively speedily.

 

A good neighbour policy often makes for an appealing sound bite but in practice – as countries from Turkey to the US have found – it can prove extremely difficult. However, Djibouti has managed to develop a canny strategy towards its neighbours in order to ward off threats to its stability and ensure prosperity. Bordered by Ethiopia and...

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