Indian Ocean Times - only positive news on indian ocean

Comoros: Economic growth of Archipelago reviewed downwards




The mission of the International Monetary Fund (IMF) that visited the archipelago in June and which has studied the macroeconomic parameters of Comoros has recently delivered its first analysis of the country's growth condition.
 
The head of the mission, Harry Trines, has emphasized that the 1.6% growth in 2015 was revised downwards and only expected to be around 0.6%. The energy crisis in the archipelago had a severe impact on the productive sectors of the Comorian economy.
 
It is to be remembered that the Comorian economic growth had increased by 1.7% in 2008 to 3.5% in 2013 in the wake of the increase in foreign direct investment (FDI) and after the financial reforms introduced by the authorities in the various administrations. In 2014, GDP growth in the Comoros was 3.3 %.



.


More from Indian Ocean Times :
< >

Tuesday, July 28th 2015 - 09:36 Comoros: Three generators sets up soon