IMF Office in the union of comoros

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Office Activities

• A few moments from the Resident Representative in June 20-22, 2023

  PDF with abstracts of meetings and a few photographs of events.

  June 21, 2023

• Meeting of the AFRITAC South Steering Committee, press briefing, and REO presentation

  Resident Representative, Rima Turk, delivers a REO presentation during the Steering Committee meeting. PDF includes an abstract of the event, as well as newspaper clip and links.

  June 19, 2023

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IMF's Work on Comoros

• Joint Statement on Solidarity with Morocco

  September 10, 2023

  Joint Statement on Solidarity with Morocco

• Union of the Comoros: Request for a Four-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Supplement; and Statement by the Executive Director for the Union of the Comoros

  June 21, 2023

  Series:Country Report No. 2023/215
  

• IMF Executive Board Approves US$43 Million Extended Credit Facility Arrangement for the Union of the Comoros

  June 1, 2023

  Successive external shocks in recent years have exacerbated already fragile economic conditions in Comoros. The surge in global commodity prices and transportation costs during 2022 severely impacted households’ purchasing powers in this import-dependent island economy and substantially worsened the fiscal outlook. These shocks have coincided with increased fiscal and debt service needs, as well as the expiration of pandemic-era support and retrenchment in international aid, which have significantly tightened financing constraints.

• IMF Reaches Staff-Level Agreement on a Four-Year Extended Credit Facility with the Union of the Comoros

  May 8, 2023

  “The IMF team has reached staff-level agreement with the Comorian authorities on a 4-year program under the Extended Credit Facility (ECF), with requested access of SDR 32.04 million (about US$43 million). This agreement is subject to approval by the IMF Management and Executive Board, with Board consideration expected in the coming weeks.

• Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate

  May 1, 2023

  Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.

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Regional Economic Outlook for Sub-Saharan Africa

Departmental Papers on Africa

The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.