Djibouti has a 1 inch chronically deficient diet and is fully reliant on imported goods to cover its nutritional needs.
Djibouti's business is reliant on FDI, overseas FDI, overseas base rentals and harbour service, which exploit the country's strategically located location at the South Red Sea gateway as well as Ethiopia's major import/export routes. The Djibouti region has experienced fast and sustainable economic expansion over the last fifteen years, with per capita GNP growing at an annual rate of 3.1 per cent on 3 per cent on 3 per cent in 2001-2017.
In 2014-2016, the economy grew at an annual rate of more than 6.5 per cent on 24.5 per cent on 31.2.2016, as the nation made mega-investments in developing harbour infrastructures and building railways to connect Djibouti with Ethiopia. Over the next ten years, these key investment strategies are projected to increase exports of service activities, with GDP growing at around 7 per cent.
Headline growth accelerated from a high of 11.9 per cent in 2008 to 0.6 per cent in 2017. During the first two-month period of 2018, retail selling price fell by 0.5 per cent year-on-year. Extremely high levels of globalization have been reduced over the past fifteen years, but remain high as around one fifth of the world' s people continue to remain below the global average.
Budgetary deficits increased significantly to more than 15 per cent of annual GNP on annual averages from 2014 to 2016, as the economy implemented an aggressive government spending programme, but fell to around 3 per cent of GNP in 2017. Consequently, government and government guarantee levels more than more than doubled and reached 87 per cent of GNP in 2017.
This strategy endorses the 2035 government's goal of alleviating severe levels of deprivation and laying the foundation for joint development by exploiting the country's humanitarian and commercial resources. It is based on two mainstays - alleviating fragility and reinforcing the entrepreneurial context - and focuses on institution building and mainstreaming issues of sex. In May 2016, the Bank's Board of Managing Directors adopted the revised strategy - the review of the Djibouti County Partnership Strategy Performance and Learning Review.
The report reflects the advances made in implementing the current strategy, in particular in terms of enhancing the entrepreneurial landscape, job creation, support for community development and improved public accessibility to electricity. In March 2018, Djibouti's asset allocation comprised nine IDA transactions with a combined exposure of USD 105 million.
Both IDA and TRF programmes focus on security networks, as well as projects in the fields of utilities, renewable energies, local communities, municipal antipoverty, public health, public administration, public administration and sustainable public services. Welfare: A novel societal security net scheme achieved more than 10,000 female and child beneficiaries participating in the food programme and providing about 400,000 human resource working hours with short-term job possibilities.
It has already exceeded the 16,000 woman goal and is set to achieve around 18,000 by the time the programme is completed. It also supports the NSS and the NSS. At present, the register contains information on around 47,000 homes, thus surpassing the 20,000 mark. Currently the registration information is exchanged between 4 applications (target 6).
A management information system encompassing both the food and work-fare components has been designed at programme levels to provide effective support for the Djibouti Network Programme. Nationally, the programme supports the creation of a societal register, used by several programmes and interest groups, and creates a data base of socio-economic/demographic features of the local community in order to focus resource on those most in need; the societal register will take the lead and will ultimately be incorporated into a central ID system.
Countryside development: PRODERMO, 2012-2019, the current PRODERMO Community Mobilization and Developing Programme, is the first Djibouti Small Fishery Assistance Programme. Programme for poverty reduction in cities: Currently, the Municipal Poverty Reduction Program is supporting the modernisation of municipal utilities and infrastructures in Quarter 7 in Djibouti City. 37,100 recipients directly profited from accessing primary care, walking around cities or flooding protection, and 61,725 people/days of temporary contracts were generated.