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Djibouti Says Ethiopia Conflict Hinders Economic Rebound

  • Horn of Africa nation targets GDP growth rate of 7% to 9%
  • Port upgrades, green energy investments seen driving economy

The speed of Djibouti’s economic recovery from a contraction last year hinges on how soon conflict ends in neighboring Ethiopia, Finance Minister Ilyas Dawaleh said.

“The recent and escalating conflict in Ethiopia is worsening prospects for regional peace, trade and undermines regional cooperation,” Dawaleh said in an emailed response to questions on April 10. “As a result of these external and internal factors, Djibouti’s economic recovery is likely to be a prolonged affair.”