Africa > Comoros, Union of the

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International Monetary Fund
Five priority programs were identified to help stabilize the economy and lay the groundwork for equitable growth. The government's priority with this core strategy is to enhance macroeconomic management, government operations, and effective fiscal management to promote domestic and international trade, make the Comorian economy more competitive, guarantee a low-cost energy supply, improve basic economic infrastructures and communication services, and finally to make investments to improve access to drinking water and a more healthy environment. The PEFA report prepared in 2008 entailed a comprehensive fiscal analysis.
International Monetary Fund
A poverty profile for the Comoros has been established based on the latest poverty data (EIM 2004). The data indicate that monetary poverty is still widespread in the Comoros. For the overall country, the incidence of poverty at the household level was estimated at 36.9 percent in 2004. Three socioeconomic groups account for nearly two-thirds of national poverty: farmers' households (30.2 percent), unprotected wage earners' households (15.8 percent), and households headed by an inactive person (19.6 percent).
International Monetary Fund
The Union of the Comoros’s Interim Poverty Reduction Strategy (PRGS) paper reports that the government’s macroeconomic objectives under the PRGS framework entail preserving major economic equilibria. To increase control over government spending, the government intends to reduce the relative weight of the wage bill, manage the public debt efficiently, and rationalize government outlays. Reforms are under way, with World Bank support aimed at more efficient handling of the public debt and improving the quality of services provided in the context of a rehabilitation of public finance.