Comoros - Public Debt Sustainability Support Project (PASDP)

The Public Debt Sustainability Support Project (PASDP) will support the objectives of the Emerging Comoros Plan - ECP (2020 - 2030), and in particular its first catalyst relating to a reformed and more stable political and institutional framework. Indeed, support to public debt sustainability will contribute to the improvement of institutional capacities, which are necessary for sustainable and secure access to financial resources. The objective of the PASDP is to improve the country's resilience by strengthening institutional capacities for accountable, transparent and results-based debt management. The project will be structured around two functional components and a management component as follows: (i) Strengthening Core Functions and Stakeholder Coordination; (ii) Support to Data Management and Public Debt Transparency and; (iii) Project Management. Improved public debt management will contribute to better public financial management and macroeconomic stability, without which Comoros will have difficulty accessing concessional resources on a sustainable basis. The total cost of the project is 1,100,000 Units of Account, of which 1,000,000 is financed by the Bank Group and 100,000 represents counterpart funds provided by the Government through an in-kind contribution.