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A part of the Comorian external debt erased by the global monetary authorities




A part of the Comorian external debt erased by the global monetary authorities
The international monetary fund and the World Bank have decided to partially reduce the Comorian debt for an amount of 133 million euro.

A measure of deletion of a portion of the claims that welcomes all economic measures and structural reforms to clean up the Comorian public finances as well as State actions put in place to reduce poverty in the archipelago.

"The Comoros have made substantial gains in terms of macroeconomic stability in recent years; economic activity is on the rise, and the fiscal situation is significantly enhanced. The reduction of the debt of the HIPC initiatives (Editor's Note: heavily indebted poor countries) reduces the country's multilateral debt, strengthens its achievements and increases its rate of growth and the prospects for poverty reduction", welcomed the global monetary authorities.



Anli Saendou


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