AGP Executive Report
Last update: 8 minutes agoDevelopment Finance: Djibouti’s economy and finance minister met the Islamic Development Bank Group chairman to review projects and set priorities for a new five-year partnership strategy. The bank has approved more than $2.3 billion for Djibouti, including support for the Biidley Airport project and a planned National Oncology Centre. Tourism: Djibouti and Egypt signed an agreement covering joint marketing, investment and hospitality training, and discussed linking Djibouti City with Sharm El-Sheikh to share tourism expertise. Ports and Trade: Red Sea shipping disruptions have boosted transshipment activity in Djibouti, but higher fuel, maintenance and cargo-handling costs are squeezing port operations and adding pressure to consumer prices. Migration: A boat capsized off Djibouti on the route to Yemen, leaving at least 139 migrants dead and 84 missing. The IOM cited the search for economic opportunities among the forces driving migrants onto the dangerous crossing.
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