Public Management

Comoros plans to raise $5 bln for development projects next month in Paris

Comoros plans to raise $5 bln for development projects next month in Paris
Thursday, 28 November 2019 16:08

The Comorian government will meet with several financial partners in Paris next month. The Indian Ocean archipelago seeks to mobilize €4.5 billion ($5 billion) in investments for several projects mainly in tourism and infrastructure sectors.

The announcement was made on Tuesday by the Economy Minister Houmed Msaidie (pictured), during an interview with Bloomberg. The operation comes a few months after the re-election of President Azali Assoumani, who had announced his intention to make tourism one of the country's new growth mainstays.

These investments, which will be provided in the form of loans or grants, are mainly aimed at diversifying the economy of the archipelago, which is strongly dominated by horticultural exports.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
I.M.F. completes two reviews, unlocking about $2.3 billion for Egypt Inflation has fallen sharply, and currency pressures have eased The...
Fiscal deficit cut to 3.1% of GDP Debt revised to 60.5% of GDP end-2024 The International Monetary Fund said on Tuesday, Feb. 24, it had...
Liquid repays ZAR loan and $220 million facility Secures $410 million new credit, $195 million equity Plans $300 million bond...
IMF mission begins in Gabon to review finances Public debt reached 72.5% of GDP in 2024 Talks may lead to new IMF-supported programme An...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...

Algeria–Morocco: Will the Gas Pipeline Duel Take Place? (Editorial)
03

West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...

BOAD Launches 2026–2030 Strategy With Boston Consulting Group Support
04

Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...

Africa’s Comeback on International Market: Kenya Adds-up to The 2026 Wave of Sovereign Issuances
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.