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MORONI, Comoros, February 3, 2011/African Press Organization (APO)/ — On January 21, 2011, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Comoros.1BackgroundOver the last two years, economic activity in the Union of Comoros has gained momentum despite a challenging external environment. Real GDP increased by 1.8 percent in 2009, benefiting

Somali pirates have seized the Comoran-flagged ship Aly Zoulfecar with nine crew members and 20 passengers on board, a spokesman for the European Union's Atalanta anti-piracy mission said.The vessel had been on its way from the Tanzanian port city of Dar es Salaam to the Indian Ocean island of Comoros when it was seized on Wednesday. Its captain sent a radio message that the ship was under

PARIS, France, 30 août 2010/African Press Organization (APO)Les créanciers du Club de Paris et le Gouvernement de l’Union des Comores sont convenus le 13 août 2010 d’un accord de restructuration de la dette publique extérieure de ce pays, celui-ci ayant franchi le Point de Décision de l’initiative renforcée en faveur des pays pauvres très endettés les 21 et 29 juin 2010.Cet accord a été conclu

MORONI, Comoros, June 30, 2010/African Press Organization (APO)The International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have determined that the Union of the Comoros has taken the necessary steps to reach its decision point under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The decisions by the Executive Boards of the two