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2010 - Comoros - Country Gender Profile
The Union of the Comoros is gradually coming out of a prolonged period of political and institutional instability (from 1997 to 2007) which notably resulted in the suspension of official development assistance. The political situation has stabilized and the crisis in Anjouan has been resolved thanks to support from the international community, in particular the African Union. Concerning the economy, macroeconomic indicators show bright prospects due to the economic reforms undertaken by the Government and the resumption of development partnerships. Accordingly, in September 2009, the International Monetary Fund (IMF) approved a Poverty Reduction and Growth Facility (PRGF) to enable the Comoros to benefit from external debt relief (70% of GDP) under the Heavily Indebted Poor Countries (HIPC) Initiative. The Bank is also resuming its support activities in the country following the clearance of its arrears in December 2007.