On October 19, 2026, Djibouti's Minister of Economy and Finance, Ilyas Moussa Dawaleh, participated in a high-level dialogue in Bangkok, Thailand, alongside World Bank Group President, Ajay Banga, and other stakeholders from the Middle East and North Africa region. The meeting took place on the sidelines of the World Bank and International Monetary Fund's annual meetings. During the dialogue, Minister Dawaleh underscored the significance of the IDA's support in Djibouti's development journey.
Minister Dawaleh highlighted the IDA's contributions to Djibouti's efforts to achieve structural transformation, enhance economic resilience, and invest in human capital. He emphasized that the IDA's support has been instrumental in helping Djibouti build a more robust economic foundation and promote sustainable development. The Minister expressed his appreciation for the IDA's role in supporting Djibouti's development aspirations.
The Minister invited stakeholders to witness firsthand the impact of IDA-funded projects and programs in Djibouti, suggesting that a field visit would provide a better understanding of the results achieved. He stressed the need for the IDA to be more bold, ambitious, and effective in addressing the challenges faced by developing countries, particularly in the context of global economic uncertainty.
Minister Dawaleh emphasized that the current global uncertainty requires a collective effort to enhance cooperation and support sustainable development. He called for increased ambition and collaboration to help developing countries achieve their development goals and build more resilient economies. Djibouti's participation in international discussions on development, finance, and investment reflects the country's commitment to promoting economic partnerships.
The Minister's participation in the meetings reflects Djibouti's engagement in international discussions on development, finance, and investment, particularly with regards to supporting developing countries and enabling them to achieve their development objectives. The IDA's support has been crucial in helping Djibouti address its development challenges and promote economic growth.
The World Bank Group and the International Monetary Fund's annual meetings provide a platform for stakeholders to discuss pressing global issues and explore ways to promote sustainable development. Minister Dawaleh's engagement with World Bank Group President Ajay Banga and other stakeholders highlights Djibouti's commitment to fostering partnerships and collaborations that can help drive development progress.
As Djibouti continues to navigate its development journey, the country is counting on the support of international partners, including the IDA, to help achieve its development goals. The Minister's call for increased ambition and cooperation underscores the need for collective action to address the complex challenges facing developing countries and promote sustainable development.
Key points
- Djibouti's Finance Minister highlights the crucial role of the International Development Association (IDA) in supporting the country's development efforts.
- The IDA's support has been instrumental in helping Djibouti build a more robust economic foundation and promote sustainable development.
- Minister Dawaleh calls for increased ambition and cooperation to address the complex challenges facing developing countries and promote sustainable development.
