In its Doing Business annual report, published on October 31, 2018, the World Bank ranked Djibouti the second year in a row among the 10 economies in the world that have made the most progress. It is all the more remarkable that Djibouti is, with India, the only country to have obtained such a result. Djibouti is now ranked 99th in the world for the business climate.
Djibouti was commended for implementing key reforms in six core areas that have significantly improved the business climate.
- The reforms made it easier to start businesses, register a property, obtain credit, protect minority investors, respect contracts and resolve insolvency cases.
- Djibouti has mainly focused its reform program on strengthening its legal framework, thus improving its attractiveness for foreign investors.
- The changes made by Djibouti to the Commercial Code were welcomed because they make access to information easier for shareholders.
- Djibouti is the only economy in the Middle East and North Africa on the list of economies that have made the most progress.
Its ambitious infrastructure investment policy has made Djibouti a global trading and logistics hub.
- Located on two of the three busiest trade routes in the world, Djibouti has launched a $ 15 billion investment program to develop a world-class multimodal infrastructure network.
- The recently created Djibouti International Free Trade Area (DIFTZ) played a central role in promoting the Djiboutian economy.
- The launch of DIFTZ paved the way for technological solutions such as the Port Community System system, which alleviates bureaucracy by providing a single point of entry for imports and exports.