Djibouti-Horn of Africa Initiative - Djibouti Regional Economic Corridor Project - Second Additional Financing

Jul 19, 2026

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Approval on an absence-of-objection basis was granted for a transaction on Thursday, June 18, 2026. The item covers Second Additional Financing for Djibouti under the Horn of Africa Initiative, specifically the Djibouti Regional Economic Corridor Project. The Executive Directors approved an additional grant of SDR 32.8 million (US$45 million equivalent) to Djibouti. Terms and conditions are set out in the President’s Memorandum (IDA/R2026-0140, dated June 1, 2026).

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Executive Directors approval

Approval basis and date

Amount and financing terms

FAQs

What approval basis was used for the item?

The item was approved on an Absence-of-Objection basis.

What did the Executive Directors approve on June 18, 2026?

They approved Second Additional Financing for Djibouti under the Horn of Africa Initiative for the Djibouti Regional Economic Corridor Project.

How much additional financing was approved, and where are the terms set out?

The additional grant was SDR 32.8 million (US$45 million equivalent). Terms and conditions are set out in the President’s Memorandum (IDA/R2026-0140, dated June 1, 2026).

Jul 19, 2026

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