The Ministry of Investment and Private Sector Development in Djibouti, in collaboration with the World Bank, launched a training and awareness workshop on the Business Ready (B-READY) initiative on November 1, 2026. The workshop aims to familiarize public and private stakeholders with the new evaluation methodology and prepare for the 2027 report. The B-READY initiative is designed to assess the business environment in Djibouti and identify areas for improvement.
The B-READY evaluation is based on three main pillars: regulatory framework, public services, and operational efficiency. These pillars are examined through ten areas, including business creation, public utilities, financial services, employment, taxation, international trade, competition, dispute resolution, and insolvency. The evaluation goes beyond a simple analysis of regulatory texts and administrative costs, also examining their practical application and impact on businesses.
The workshop brought together representatives from public administrations, banks, companies, professional organizations, SMEs, and essential service providers. The participants discussed the B-READY questionnaires, indicators, and necessary information for the next evaluation. The goal is to establish a roadmap for the next steps, including data collection, coordination between institutions, and identification of priority reforms.
The Secretary General of the Ministry of Investment and Private Sector Development, Ali Houmed Aboubaker, emphasized the central role of the private sector in Djibouti's development vision. The private sector is seen as a driver of economic growth, job creation, and structural transformation. The government aims to create a more dynamic entrepreneurial environment that can contribute to job creation, particularly for young people.
The B-READY initiative is part of Djibouti's efforts to improve its business environment and attract investments. The evaluation will provide a more accurate diagnosis of the challenges faced by businesses and help identify priority reforms. The government hopes to use the results to create a more favorable environment for investment and private initiative.
The World Bank's B-READY initiative is a new tool for analyzing the business environment. It allows for a more comprehensive assessment of the regulatory framework, public services, and operational efficiency. The evaluation also involves direct participation from the private sector, which will provide information on its experiences with administrative procedures and services.
The 2027 B-READY evaluation is expected to provide a comprehensive assessment of Djibouti's business environment and identify areas for improvement. The government aims to use the results to implement reforms and create a more favorable environment for investment and private initiative. The evaluation is seen as a key step in Djibouti's efforts to improve its business environment and attract investments.
Key points
- Djibouti is preparing for the 2027 Business Ready (B-READY) evaluation with the World Bank to improve its business environment and attract investments.
