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- 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.