LYCOS RETRIEVER 
Djibouti: Region
built 647 days ago
The shore of Lake Assal in Djibouti is the African continent's lowest point at 502 feet (153 meters). However, Mount Mousa in the north is 6,768 feet (2,063 meters) high. Located at the boundary between two tectonic plates, Djibouti has been a region of volcanic activity. It is ... hot and dry.
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During the last few years Djibouti is fast emerging as a role model for East African & neighbouring regions. With a new Container Terminal, a sprawling Trade Free Zone, a Dry Port attracting multinational logistic firms, a Five Star hotel with a capacity of 400 rooms, a Housing Project (Luxury & Low Cost), and Financial Institution entering the market, the economy is indeed poised for a great leap forward.....
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Public health services in Djibouti have remained heavily impaired since the end of the civil conflict. The only hospital with the capacity to treat trauma injuries, Peltier Hospital, is in the capital. Regional health centers are only capable of providing first aid.[29]
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Djibouti provides services as both a transit port for the region and an international transshipment and refueling center. It has few natural resources and little industry. The nation is, therefore, heavily dependent on foreign assistance to help support its balance of payments and to finance development projects. An unemployment rate of 40% to 50% continues to be a major problem. Inflation is not a concern... because of the fixed tie of the franc to the U.S. dollar. Per capita consumption dropped an estimated 35% over the last seven years because of recession, civil war, and a high population growth rate (including immigrants and refugees).
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Principal exports from the region transiting Djibouti are coffee, salt, live animals, hides, dried beans, cereals other agricultural products, and wax. Djibouti itself has few exports, and the majority of its imports come from France. Most imports are consumed in Djibouti, and the remainder go to Ethiopia and northwestern Somalia. Djibouti's unfavorable balance of trade is offset partially by invisible earnings such as transit taxes and harbor dues. In 2001, U.S. exports to Djibouti totaled $18.7 million, while U.S. imports from Djibouti were about $1 million.
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