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# [COMOROS] IMF Projects 4.1% Growth But Calls for Stronger Fiscal Resilience
- URL: https://businessoi.media/en/comores-le-fmi-projette-4-1-de-croissance-mais-appelle-a-renforcer-la-resilience-fiscale-en/
- Published: 2026-07-30T02:47:52.000Z
- Updated: 2026-07-30T02:47:52.000Z
- Description: IMF projects 4.1% growth in Comoros in 2026. Debt at 32.9% of GDP, inflation back to 1.9%. Fund calls for tax reform, bank recapitalisation and stronger governance.
- Author: Emmanuel TAOCHY
- Tags: Comores, Finances publiques, Économie, Revue matinale, #en

**The International Monetary Fund has just published its annual report on the Union of Comoros. After estimated growth of 3.8% in 2025, Comorian GDP is expected to expand by 4.1% in 2026, driven by public investment and a gradual recovery in domestic credit. But structural vulnerabilities remain, and the Fund is calling for substantive reforms.**

## Inflation Under Control, Manageable Debt

Inflation has fallen sharply: from 7.3% in March 2025, it dropped to 1.9% by October, thanks to lower import prices and improved supply conditions. Public debt stands at 32.9% of GDP in 2025, of which 27.0% is external — a broadly manageable level, though the IMF flags it as «vulnerable» to external shocks. The Fund authorised a disbursement of SDR 3.56 million ($4.92 million), bringing total disbursements under the current programme to $28.62 million.

## A Four-Pillar Action Plan

The IMF sets out four priority recommendations. First, mobilise more tax revenues through structural reforms, reducing dependence on diaspora remittances and sovereignty-related income streams. Second, accelerate fiscal consolidation to keep debt at sustainable levels. Third, strengthen the financial sector, notably through recapitalisation of local banks. Fourth, improve governance and step up the fight against corruption — both prerequisites for attracting durable foreign direct investment.

## Why It Matters

With growth projected at 4.1%, the Comoros are outperforming many Indian Ocean island economies. But the fragility of the tax base and structural dependence on imports and diaspora transfers limit the country's room for manoeuvre in a crisis. The IMF-supported framework is an opportunity to place growth on a more durable footing — provided the reforms are genuinely implemented.

*Source: IMF Country Report No. 26/47 — Union of the Comoros (2026).*