Djibouti - Youth Entrepreneurship for Climate Change Adaptation Project (PEJACC) — Djibouti

Overview

PEJACC will contribute to the achievement of the overall objective of the Bank’s CSP 2023-2027 for Djibouti, which is to support the country in its efforts to promote more inclusive growth by contributing to the acceleration of its structural transformation and economic diversification. The project also follows up on the commitment of Djibouti’s government to resolve the problem of the country’s heavy dependency on foreign markets, gender and youth issues as well as its great vulnerability to climate change which are all critical drivers of fragility underpinning the achievement of the CSP’s cross-cutting objectives. The project contributes to climate finance, with 22 million USD of the total approved amount dedicated to adaptation.