Download or read book Djibouti written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-06-08 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: The modern economy of the Republic of Djibouti is based on rents directly or indirectly originating from the international port of Djibouti and from the country’s strategic position. The Poverty Reduction Strategy Paper discusses that the growth recorded over the last five years is essentially driven by the increase in foreign direct investment—but especially by the activities of the Port of Djibouti. The informal economy constitutes a major proportion of the economic activities of Djibouti and provides a livelihood for much of the Djibouti population.