Djibouti Economic Diversification Program-for-Results (WB-P511188)

Regions
  • Middle East and North Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Djibouti
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 27, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Djibouti - Ministry of Economy and Finance in charge of industry
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.75 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 66.14 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 6, 2026

Disclosed by Bank Jul 10, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the objective of this project is to improve SOE governance and performance, increase private investments, and enhance SME competitiveness.

The proposed PforR Program focuses on foundations enabling economic diversification and job creation in Djibouti in the following three results areas (RA).

RA1: SOE reform and access to public procurement markets. Key priorities include: - supporting the foundations of the SOE reform aiming to improve the governance and performance through defining the rationale and define strategic direction for the SOEs, improving transparency and predictability of SOEs operations, and strengthening SOE oversight institutional capacity, as well as ensuring a consistent and portfolio-wide approach to SOEs and strengthening SOEs financial discipline. - supporting digitalizing procurement through the implementation of an e-Government Procurement (eGP) system. By strengthening value for money and expanding access to public procurement, the initiative aims to foster increased competition and competitive neutrality, improve the quality of bids, reduce opportunities for fraud and corruption and promote a more transparent public spending process and increase availability for women to participate.

RA2: Mobilizing strategic private investments. Key priorities include:- enabling sectoral and cross-cutting reforms.- facilitating access to serviced land to investors.- mobilizing strategic private investments (including through PPPs).

RA3: Enhancing SME Competitiveness.

Key priorities include: - improving access to finance for SMEs.- strengthening firm capabilities and SME competitiveness.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The Program’s environmental and social (E&S) risk is rated Substantial, reflecting the complexity of planned activities and limited institutional capacity. In line with World Bank PforR requirements, high-risk activities—such as major infrastructure, large-scale land acquisition, or interventions affecting critical habitats—are excluded. Potential impacts may arise from upstream and downstream activities linked to Program-supported reforms, such as localized environmental disturbance, land acquisition risks, and challenges related to labor, SEA/SH, and community health and safety. Djibouti’s limited institutional capacity heightens these risks.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Project Cost: US$ 66.14 million
IDA Grant: US$ 25.75 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CONTACT POINT - World Bank

Task Team Leader: Fadwa Bennani
Title: Senior Financial Sector Specialist
Email: fbennani@worldbank.org

TTL Contact: Anastasia Rodina
Job Title: E T Consultant
Email: arodina@worldbank.org

TTL Contact: Mehdi El Batti
Job Title: Operations Officer
Email: melbatti@ifc.org

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works