Comoros - Economic development



Development projects in the late 1980s and early 1990s focused on the agricultural sector, hydroelectric development, fishing, and start-up investment funds for small and intermediate enterprises. In addition, the European Development Funds provided resources for the redevelopment of the port at Moroni. International Monetary Fund (IMF) plans during the 1990s focused on agriculture diversification. The country has an unemployment level estimated at 20% and one of the highest illiteracy rates in the world. The government has many aims: to develop education and technical training, to improve health services, to reduce the high population growth rate, to privatize state-owned enterprises, to promote tourism, and to diversify exports. Political instability has led to disruptions in government services, as has the general lack of revenue.

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