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- Create Date December 8, 2023
- Last Updated December 16, 2023
The Comoros’s economy has continued recovering from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The Central Bank of Comoros (CBC) does not have an explicit inflation target and its central monetary policy target is maintaining the value of the currency. The Government of the Comoros’s has followed procyclical fiscal policy by reducing government spending during economic downturn and increasing public spending during economic recovery. The Comoros’s external sector has recovered from the global shock caused by the COVID-19 pandemic in 2020 but has not benefited from the higher commodity prices in the aftermath of the Russia-Ukraine conflict. The Comoros is scheduled to hold its presidential elections in 2024. . Read more accurate and balanced analysis of the political economy in Comoros here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-the-comoros-1h2023-24/.
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