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    Unlocking Djibouti's Growth Potential: The Road Ahead

    Creator
    Casero, Paloma
    Ivins, Ingrid
    Seshan, Ganesh
    Abstract
    Djibouti recent windfall in military-related revenues and new investments in the port may have a limited impact in the rest of the economy in the absence of policy reforms. Increased poverty and unemployment is the legacy from almost two decades of slow growth, lackluster private investment, and a fast-growing unskilled labor force. Maintaining the status quo, or muddling through, would at best lead the country to grow at 3.5 percent per year over the next decade. With annual population growth averaging 2.8 percent, this economic growth will be insufficient to make a substantial dent in poverty. By contrast, sustained efforts to implement key policy reforms proposed in this report could help Djibouti achieve an average real GDP growth of 4.5 percent, reach the education Millennium Development Goal (achieving 100 percent primary completion rates by 20 15), and strengthen the confidence of private investors and donors.
    Description
    Publisher URL: http://documents.worldbank.org/curated/en/2006/08/7028964/djibouti-unlocking-djiboutis-growth-potential-road-ahead-vol-1-3-summary-report
    Permanent Link
    http://hdl.handle.net/10822/713277
    Date Published
    2006
    Rights
    This item is currently unavailable in DigitalGeorgetown due to copyright restrictions by the publisher.
    Publisher
    World Bank
    Collections
    • Qatar Faculty Scholarship
    Metadata
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    Georgetown University Seal
    ©2009 - 2023 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility