Category: Banks. Country: Djibouti.
Djibouti joined the World Bank in 1980. Since then, the focus of the World Bank assistance has been to foster sustainable economic growth and reduce poverty in the country. World Bank Country Assistance Strategy (CAS). In February 2001, the World Bank adopted its first Country Assistance Strategy for Djibouti. The CAS, developed in close partnership with the Government of Djibouti, serves as a roadmap for World Bank assistance to the country. The objective of this Country Assistance Strategy (CAS) for Djibouti is sustainable reduction in poverty. It covers FY01-03, and is based on: 1) direct interventions to reduce poverty, focused on reversing the low educational enrolment rates addressing health needs, particularly, the epidemic incidence of HIV/AIDS, and tuberculosis and preparing targeted assistance programs to minimize the impact of adjustment and 2) measures to provide growth and employment generation, supported through structural reforms to restore competitiveness and private investments, and to develop port infrastructure services for participation in the increased regional transit. The structural adjustment program will reduce poverty over the medium and long term, and, improved budget management and financial sustainability will stabilize the fiscal and macroeconomic framework, through the implementation of pension reforms while, privatization would generate productive employment. The initial base case lending includes an adjustment operation, a health project, and an education project. Provided stabilization and structural reforms remain on track, a high case scenario will follow, adding a new structural adjustment operation with a social protection component. Nonetheless, risks include weak institutional capacity, possible political opposition, and adverse regional unrest.
Address: Phone: 202 473 7199
