Trade and investments COMOROS: CF 4 billions of donation June 20, 2009
Posted by iogateway in Regional institution.Tags: donation, IMF, Trade and investments COMOROS, UNDP, world bank
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Six international agencies made a donation of 4 billions for encouraging local investments and exportation. World bank, UNDP, IMF… This donation will help the government to reduce poverty and stimulate small business sector.
IMF-Comoros: spreading FC 96 billions of debts June 20, 2009
Posted by iogateway in Union of the Comoros.Tags: ADB, IMF, world bank
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IMF-Comoros: spreading 96 billions of debts
According to the comorian government, IMF is working to spread or cancel 96 billions of debts. The union of comoros must follow up recommendations from world bank, IMF and ADB such as reducing public employment and allocate the funds to develop national infrastructure.
How the Union of Comoros will tackle the financial crisis? June 19, 2009
Posted by iogateway in Union of the Comoros.Tags: African bank, China, European Union, IMF, reducing debts, Saudi Arabia, tackle the financial crisis, UNDP, world bank
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The comorian government will focus on:
- reducing external debts
- relaunching economic cooperation with China, European Union and UNDP
- reorganizing the public expenses and reducing the number of federal and local administrations
But the priority consists to support the invesments by extending partnership with the world bank, African bank, Saudi Arabia and IMF.
IMF accepted to give postconflict funds to the union of comorian thanks to its efforts to re-establish national and democratic authority in Anjouan. In accordance with the IMF, comorian government plans to reduce the numbers of state employees and organize the public expenses by abolishing state superstructure (federal and local).
Main figures from Exchequer department
- Internal debt : 89,46 Billions of comorian Franc (31st of december 2007)
- Bilateral debt: 3,9 billions of comorian Franc
- From 4,2 billions of comorina franc in 2005 to 5,4 billions in 2006 to reduce debts thanks to an increasing of public funds
- 70% of the state expenses are dedicated to the salary payments.
- inflation rate 4,5 % in 2008.
All you have to know before investing in Comoros May 13, 2009
Posted by iogateway in Business Opportunities.Tags: African Union, Arab league, business comoros, COMESA, EU, FDI comoros, IMF, Indian Ocean Commission, OHADA, SADC
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The land is very beautifull, probably the most cutefull isles in the world, grand lagoons and the biggest volcano in the world. I try to be objective by showing advantages and some risks.
Investing is not just rational process, we have a huge part of affection. As wedding, you have to know opportunities and risks regarding your fiancé(e). What’s about Comoros ?
Union of comoros has signed multilateral, bilateral and exclusive agreements with several internationa organizations: IMF, African Union, Arab League, Indian Ocean Commission, COMESA, SADC, EU, OHADA. Comoros is member of the franc zone which bring up monetary stability regarding the EURO. The national legislation ensures that all investors can benefit all advantages without discriminations in order to encourage Foreign Direct Investment.
