Comoros Moves Forward Cautiously

Comoros’ economic growth is showing encouraging signs, supported by reforms undertaken with the assistance of the International Monetary Fund (IMF).

This growth is estimated at 3.8% in 2025 and could reach 4.1% in 2026, thanks in particular to public investment and the gradual recovery of credit.

This progress follows the completion of the fifth review of the agreement between Comoros and the IMF under the Extended Credit Facility (ECF), as well as the finalization of the 2025 Article IV consultations. This step allows for the immediate disbursement of 3.56 million Special Drawing Rights (SDRs), or approximately US$4.92 million. Since June 2023, nearly 28.62 million SDRs have already been disbursed, out of a total of 32.04 million SDRs planned.

Despite some delays observed in 2025, the IMF considers the program’s results generally satisfactory. Inflation has fallen significantly, from 7.3% in March to 1.9% in October 2025. The external situation remains stable, with a current account deficit of around 3% of GDP and reserves covering more than eight months of imports.

The program aims to strengthen the country’s economy and address its weaknesses. Efforts focus in particular on increasing government revenue, reforming the financial sector, and improving public financial management.

Nigel Clarke, Deputy Managing Director of the IMF, welcomed the progress made while calling for continued reforms. He emphasized the importance of prudent fiscal management to support sustainable and inclusive growth.

Despite this progress, significant challenges remain, including poverty, food insecurity, and global economic uncertainties.