Boats docked on a port in Djibouti. The African Development Bank's new strategy aims to support the country's goal of creating a more diversified economy that will generate more jobs. Photo by: Olivier Roux / CC BY-NC
Djibouti continues to face major challenges in the form of high poverty and unemployment rates. The country has an undiversified economy which makes it relatively exposed to economic and environmental shocks.
In light of these, the overall objective of the African Development Bank’s (AfDB) new Country Strategy Paper (CSP) is to support the country's goal of creating a more diversified economy that will generate more jobs. While the main objective is to promote inclusive and diversified growth through support to the energy and health sectors as well as private sector-related institutions.