This study shows that performance interms of debt management has been weakened by recurrentpolitical and institutional crises experienced by thecountry in recent years and has had a negative impact on theState's ability to both mobilize external financing andto honor its financial commitments. The accumulation ofexternal arrears has increased by extension of the depletionsources of funding. However, the government recentlyinitiated numerous actions contributing to a more sereneclimate at home with the establishment of democraticgovernance, developing a program of poverty reduction andregularization of arrears. This more favorable environmentwill soon pave the way for more substantial outside funding,especially following the accession of the Comoros to theenhanced Heavily Indebted Poor Countries (HIPC), andtherefore requires the full attention of the authorities toimplement better management of public debt. This evaluationis part of this perspective. Overall, performance in termsof debt management in the Comoros is satisfactory in allthree of the following areas: (i) coordination with fiscalpolicy, including the integration of forecasts and actualpayment of debt service in the preparation and monitoring ofbudget, (ii) coordination with monetary policy focused onthe management of statutory advances granted by the CentralBank of Comoros (BCC), and (iii) procedures for payment ofservice external debt.
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