The IMF's Board of Directors validated the fifth review of Comoros' Extended Credit Facility (ECF) programme and approved a new disbursement of SDR 3.56 million — approximately $4.92 million. Since June 2023, Comoros has received SDR 28.62 million of the SDR 32.04 million programme total.
Confirmed resilience: 3.8% growth in 2025
The Comorian economy posted 3.8% growth in 2025, with the IMF projecting 4.1% for 2026. Inflation has been remarkably controlled: it fell from 7.3% in March 2025 to just 1.9% in October. Foreign exchange reserves now cover more than eight months of imports — a solid level reflecting the archipelago's external resilience.
Structural reforms underway
The programme commits Comorian authorities on three priority fronts: increasing domestic revenues through fiscal and customs reform, restructuring the postal banking sector, and strengthening public finance governance. Budget gaps were recorded in the first half of 2025, but authorities implemented corrective measures the IMF deemed credible.
Vulnerabilities to watch
The IMF maintains close vigilance on several vulnerabilities: structural food insecurity, exposure to climate shocks and economic fragility. Improving the business climate and strengthening financial supervision are among the priority recommendations to consolidate programme gains.
Why it matters
The successive validation of IMF reviews sends a strong credibility signal for Comoros to development partners. It paves the way for easier access to international financing and better integration into regional circuits. For the Indian Ocean region, Comorian stabilisation is a factor of geopolitical and economic cohesion.