Djibouti is among the top 11 African countries expected to witness strong economic performance
- admin
- Saturday , 24 February 2024 18:28 PM GMT
In the report of the African Development Bank, it stated that there are some promising economies on the African continent that achieve a good economic growth rate, and at the forefront of these countries is the Republic of Djibouti, where it achieved a growth rate of (6.2%).
In 2024, 41 countries on the continent will achieve an economic growth rate of 3.8%, and in 13 of them, growth will be more than a percentage point higher than in 2023.
The African Development Bank stresses the importance of investing in education and health to ensure comprehensive and sustainable growth.
Finally, the African Development Bank calls for strengthening cooperation with international partners to address these challenges and support the continent’s development because long-term development cannot be based on short-term loans. The duration of loans granted to Africa should be at least 25 years, if not longer. Short-term borrowing poses a risk to long-term development. Africa must move quickly.
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