By Dawan Africa - Reporter
Djibouti(Mogadishu24)-In response to the World Bank's economic report presentation on Djibouti, Mr. Abdi Ibrahim Farah, representing the President of DPFZA-GHIH, actively participated in the discussions and expressed concerns over perceived biases in the report.
DPFZA-GHIH emphasized that relying solely on employees registered with the CNSS (National Social Security Fund) to assess unemployment rates in a predominantly informal economy results in an incomplete and misleading perspective.
The organization called for a recalibration of the evaluation methods to incorporate informal workers, particularly in key sectors like urban transport, construction, and retail, noting that these sectors play a crucial role in Djibouti's economy.
The statement further argued that the construction sector, which supports the economy even before the ports and free zones, must be properly accounted for.
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DPFZA-GHIH also questioned the report's claim of a 72% debt ratio, noting that Djibouti's 6.7% growth rate has substantially reduced its debt-to-GDP ratio, with debt repayments proceeding as projected.
The DPFZA-GHIH stressed the importance of formalizing the informal sector to provide a more accurate and comprehensive understanding of Djibouti’s macroeconomic status.
