Comoros Second Fiscal Management and Resilient Growth Development Policy Financing

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The development objectives of the Second Fiscal Management and Resilient Growth Development Policy Financing for Comoros are to support the Government of Comoros in their efforts to: (i) enhance debt management and public expenditure efficiency; (ii) strengthen resilience to shocks; and (iii) improve state-owned enterprises governance and performance. The Government’s priorities are articulated in the Plan Comores Emergent (PCE), the national development strategy for 2019-2030, and a medium-term recovery plan (2022-26) approved in December 2022. The PCE is structured around five strategic pillars: (i) tourism and crafts development, (ii) promotion of the blue economy, (iii) positioning Comoros as a regional financial hub, (iv) modernization of agriculture for food security, and (v) industrial diversification. These are supported by five essential catalysts: (i) political stability and reforms, (ii) infrastructure, (iii) human capital, (iv) a competitive environment, and (v) digital transformation.