In his visit to Ethiopia, the Brazilian president participated in event on climate finance for agriculture and food security.
Browsing: djibouti
The growth of the Arab country in Africa moderated in 2022 relative to the previous year, but the economy started to rebound this year on the back of the peace agreement with Ethiopia. Inflation remains below regional trends, and port activity has increased.
The B and C-class population in the North African country consumes Brazilian cookies, candies, and sweets from brands such as Cory. According to a trader, Djibouti plays a role in reexporting to the surrounding region.
Agricultural leaders from countries like Djibouti have demanded greater access to technology and financing. They believe Brazil could be a strategic partner.
Port-related infrastructure investments have ensured the growth of the Arab country in recent years, but the COVID-19 pandemic and the conflict in neighboring Ethiopia are major challenges.
Publishing house Tabla is bringing a new book to the country, Why Do You Dance When You Walk? by Abdourahman Waberi.
The Brazilian Cooperation Agency sent a supply of Azithromycin 500 mg, an essential medication, to the Arab country in Africa. The donation was made as humanitarian aid.
The Brazilian men’s volleyball team debuts against Tunisia this Friday (23). In football, the men’s team will play against Saudi Arabia on the 28, in the 3rd round of group D. All Arab countries will compete in at least one sport. Check out the schedule.
“Youth” was the first feature film made in the Arab country and can be watched on the Supo Mungam Plus platform with Portuguese subtitles.
International Monetary Fund has warned about the impacts that coronavirus will have on countries that are fragile and in conflict situations, such as Iraq, Djibouti and Somalia. Economy is expected to shrink by 7% in 2020, and internal problems could increase.
African Arab country will receive an emergency financing of USD 43.4 from IMF to reduce the negative effects of the pandemic on the balance of payments. Djibouti posts lower exports of services and investments.
IMF projects a growth at 6% for the Arab country in Africa this year, up from 5.5% in 2018. Strategies of positioning it as a trade and logistics hub has helped improve local economy.
Six of the region’s economies are among the top 20 improvers in the World Bank’s ease of doing business list: Bahrain, Djibouti, Jordan, Kuwait, Qatar and Saudi Arabia.
According to IMF, the country is expected to grow 6% annually in the medium term, driven mainly by private investment and exports.
