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- Operations
- Support to the Economic Development Fund of Djibouti
Support to the Economic Development Fund of Djibouti
Djibouti
Borrower | Djibouti |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Multisectoral |
Approved | 12.12.2012 |
Signed | 29.01.2013 |
Status | Completed |
Loan Administrator | OPEC Fund |
Executing Agency | Economic Development Fund of Djibouti |
Co-financiers | AFESD, Beneficiaries, Government |
OPEC Fund Contribution (US$m) | 3.00 |
Total Project Cost (US$m) | 31.50 |
To help entrepreneurs start and/or expand their own businesses through the issuance and management of around 500 loans to SMEs and young graduates. Also planned is the provision of institutional support to the Development Fund.