The Central Bank of Djibouti (BCD) and its Governor have been distinguished by the International Union of Arab Bankers (UBA) for their strategic vision in driving financial transformation in the Horn of Africa. This recognition was awarded during the Organisation of Islamic Cooperation (OIC) Central Banks Forum held in Istanbul on September 13-14, 2026. The prize acknowledges the reforms undertaken as part of the Vision 2035 strategy championed by President Ismail Omar Guelleh.
The award commends Djibouti's advancements in financial inclusion, technological innovation, and banking sector development. Over the past two decades, the BCD has led a profound transformation of the national financial landscape. The banking sector has expanded significantly with the arrival of new institutions, while deposits, economy credits, and the agency network have experienced substantial growth. The bankarization rate has also seen a significant increase.
A notable evolution in Djibouti's financial sector is the rise of mobile money and fintech services. With a regulatory framework favorable to innovation, access to financial services has broadened to populations previously underserved by the traditional banking system. This distinction also highlights Djibouti's growing role as a regional financial hub, complementing its position as a logistical and port platform.
The recognition confirms the international acknowledgment of efforts to build a modern, inclusive, and resilient financial system. This prize not only honors the Central Bank but also the Government, particularly President Guelleh for his commitment and constant support, and the Djiboutian financial profession for making this transformation possible.
On the sidelines of the forum, OIC central banks exchanged views on challenges related to digital finance, cyber resilience, cross-border payments, and financial inclusion. Participants reaffirmed their commitment to strengthening cooperation in these areas. The Governor of the Central Bank of Djibouti, Ahmed Osman, who was the laureate of the organization for this edition, discussed ways to enhance cooperation between their institutions with his Turkish counterpart.
For Djibouti, this international recognition constitutes both an consecration and a responsibility: to pursue reforms and consolidate achievements to strengthen regional financial integration and access to financial services for all. The award is a testament to the country's progress in modernizing its financial sector and promoting financial inclusion.
The Central Bank of Djibouti's efforts to drive financial transformation have been acknowledged by the international community, and the bank is expected to continue playing a key role in promoting financial development in the region. The recognition is also seen as a motivation to continue implementing reforms and strategies that will contribute to the country's economic growth and development.
Key points
- The Central Bank of Djibouti received an award for its strategic vision in driving financial transformation in the Horn of Africa.
- The award was presented during the OIC Central Banks Forum held in Istanbul on September 13-14, 2026.
- The recognition acknowledges Djibouti's advancements in financial inclusion, technological innovation, and banking sector development.
