The Comoros archipelago, consisting of Mayotte, Anjouan, Moheli, and Grand Comore, declared independence from France on July 6, 1975. The country’s economic outlook is cautiously optimistic, with projected growth of 4.6% by 2025. This growth is expected to be driven by government projects under the Emerging Comoros Plan, the IMF’s Extended Credit Facility, and economic advantages from joining the African Continental Free Trade Area and the World Trade Organization.

Despite these prospects, the Comoros faces challenges with a weak financial sector and a large unbanked population. To finance structural changes, the country needs to strengthen domestic resource mobilization, improve its financial sector, optimize diaspora remittances, and secure external financing through global financial reforms. The rise of mobile technology, however, is creating new opportunities for financial inclusion across the islands.