Geography of Europe is not surrounded by sea and its southeastern border has always been variously defined for centuries. In terms of shape, Europe is a collection of connected peninsulas and nearby islands. The two largest peninsulas are mainland Europe and Scandinavia to the north, divided from each other by the Baltic Sea. Three smaller peninsulas—Iberia, Italy and the Balkans—emerge from the southern margin of the mainland. The Balkan peninsula is separated from Asia by the Black and Aegean Seas. Italy is separated from the Balkans by the Adriatic Sea, and from Iberia by the Mediterranean Sea, which also separates Europe from Africa.
Djibouti and the World Bank location has been crucial in shaping its development. Situated in the Horn of Africa, Djibouti is one of the smallest countries in the world. It is bordered by Eritrea, Somalia and Ethiopia, the latter being completely dependent on Djibouti for its maritime exports. Overlooking the Red Sea and the Gulf of Aden, the port of Djibouti is one of the most strategic trade facilities connecting Asia, Europe and Africa. Its geographic location, its port and the presence of military bases have contributed to Djibouti's economic growth. However, these have also shaped a model of economic growth which has become unsustainable,