Comoros Country Strategy Paper approved by the AfDB
By Houmi Ahamed-Mikidache
The African Development Bank has recently approved the Comoros’s country Strategy Paper 2016-2020. According to the Board of Directors of the bank, it will enable the country to achieve diversified job-creating economic growth.
The Comoros Country Strategy Paper aims indeed to develop basic energy infrastructure and economic diversification. This strategy will rely on the private sector to drive investment in energy and road infrastructure. Comoros will beneficiate from a US $66.35 (UA 40 million) lending programme for the first three years with resources from the 13th and 14th replenishment of the African Development Fund (ADF). Technical assistance programme, reinforcement of the local job content in project design, and the promotion of South-South cooperation will be provided by the bank.
The Comoros Country Strategy Paper is linked to the Sustainable Development Goals, the AfDB High5 strategic priorities from 2013 to 2022 and other AfDB strategies. The Bank will also help Comoros in mobilizing other additional resources to support and accelerate the development of the islands.
With 781,000 people in 2015, the Union of the Comoros has to fight endemic poverty and persistent food insecurity and malnutrition. In the sustainable Human Development Index (HDI), Comoros was ranked 159th out of 187 countries in 2014. Unemployment in these three islands is very high and it is affecting the youth, especially, women, who represents 50% of young graduates, according to the Comoros Country Strategy Paper. The document focus on the three main islands, Grande Comore, Anjouan and Moheli, about 1,862 kilometre area.
This document supports and reinforces the Country’s Accelerated Growth and Sustainable Development Strategy (SCA2D, 2015-2019), which focuses on “inclusive ” through the development of growth-supporting infrastructure, building governance, and institutional and human capacities.