• IMF disburses $4.87M to Comoros under $43M aid deal.

• Missed fiscal targets waived; most reforms on track.

• Growth steady at 3.3%, rising to 3.8% in 2025.

The Comoros will receive a disbursement of $4.87 million from the International Monetary Fund (IMF) following the fourth review of its Extended Credit Facility (ECF) program. The IMF confirmed this decision in a statement released on Tuesday, June 24, 2025.

This funding is part of a $43 million, four-year agreement signed in June 2023 between the Comoros and the IMF. The program aims to strengthen the country’s economic resilience by creating fiscal buffers, reducing debt vulnerabilities, strengthening the financial sector, and improving governance.

During the program’s evaluation, the IMF board approved the Comorian authorities' requests for waivers regarding missed quantitative performance criteria (QPCs) at the end of 2024. These included shortfalls in tax revenue and the domestic primary balance. The IMF also approved revised targets for December 2025.

"Two of five QPCs were met as of end of December 2024," the statement noted. It added that "8 of the 11 structural benchmarks (SBs) expected between end of November 2024 and end of May 2025 were also met."

Overall, the archipelago's economic activity remains broadly stable, despite ongoing risks. Growth is estimated at 3.3% in 2024 and is projected to rise to 3.8% in 2025, supported by public investment and a rebound in private sector credit.

While there has been considerable progress toward achieving the program’s objectives, the statement emphasized that significant and continuous efforts are necessary to maintain the momentum of reform.