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Overview

The archipelago of the Comoros is in the Indian Ocean, north of the Mozambique Channel and northeast of Madagascar.

Political Context

Absent from the political scene since 2006, Azali Assoumani returned and won the 2016 presidential elections. His government introduced a series of fiscal and structural reforms, including a review and overhaul of the Presidential Rotation system among the islands. President Azali’s mandate was renewed in 2019 for a new term of five years.

On February 28, 2022, the President Azali Assoumani launched the Inter-Comorian National Inclusive Dialogue in order to build a national consensus on the remaining political reforms – since the revision of the Constitution in 2018 and the anticipated presidential election on 2019 -  such us the Political Parties Act, the electoral decoupage, the reform of the Independent Electoral commission and the status of the Opposition, and to create conditions conducive to a climate of peace and stability, likely to lead the country towards a sustainable and harmonious development. Representatives from around 80 organizations including political parties, private sector and civil society organizations including notabilities, women and youth attend these consultations which come after constant calls for a good governance and more transparency in the management of public affairs.

Economic Overview

Comoros was impacted by two successive shocks leading to a decline of the growth rate from 3.7 %, on average in 2017 and 2018, to 1.8% in 2019 (Kenneth cyclone) and -0.3% in 2020 (COVID-19). Although the economy has slightly recovered in 2021 growing by 2.4%, the pandemic is still weighing on Comoros economy through the impact of national restrictive measures on consumption. The country is projected to reach 2.8 % in 2022 on the back of an expansionary fiscal policy. The slow recovery reflects difficulties in the service sector as well as economic consequences of the pandemic and the Russian invasion and associated sanctions on oil, foodstuff and fertilizer prices and tourism.

Higher public expenditures (mostly domestically financed investment) added to growing import bills and reduced diaspora remittances are leading to a growing fiscal deficit (4.9 percent of GDP) and current account deficit (6.6 percent of GDP). Moreover, the inflation rate is projected to increase significantly in 2022, while the poverty rate is expected to decrease only moderately over the next two years and return to its pre-COVID levels at 39.5% in 2023 (when measures against the poverty line for lower middle-income countries of USD 3.2 a day per capita in PPP terms).

Social Context

The Comoros is densely populated, with approximately 465 inhabitants per km2, and 53% of the population age under 20. High population density places intense pressure on natural resources and the environment. Its location and topography are among the most climate vulnerable in the world, and 54.2 percent of the population live in at-risk areas. Nearly one fourth of the population is extremely poor, unable to buy enough food to meet the minimum nutrition requirements of 2,200 kilocalories per person per day. One-fourth of Comoros’ population lives just below the national poverty line, and 10% of the population risks falling below the national poverty line in the event of unexpected economic shocks. Comoros children can expect to complete 8.4 years of schooling by 18. Girls receive significantly less education than boys, and adolescent pregnancies are two to three times that of peer countries. Chronic malnutrition leads to stunting in 31 of 100 children. 

Last Updated: Apr 07, 2022

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Comoros: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
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Country Office Contacts

World Bank Office
United Nations Compound
Moroni
Comoros
PO Box 648
+261-20-22-560-00
For general information and inquiries
Diana Styvanley
External Affairs Officer
+261320500127
For project-related issues and complaints