The Comoros government recently convened the second session of the Committee to Oversee the National Integrated Financing Framework (Cnfi). The meeting, chaired by Finance Minister Moussa Abderemane, brought together representatives from the government, central bank, national assembly, private sector, and technical and financial partners. The session aimed to review progress on reforms to strengthen development financing and support the implementation of the Comoros Emergent Plan (Pce).
The Cnfi committee was established to create a platform for coordination and consultation among stakeholders involved in development financing. Its primary goal is to ensure the conditions necessary for the implementation of the Pce and the achievement of the Sustainable Development Goals (SDGs). The committee's second session follows the adoption of the National Development Financing Strategy in April 2023.
During the session, participants discussed ongoing reforms and means to enhance their operationalization. With the Comoros Emergent Plan entering its final phase of implementation, authorities seek to draw lessons from already undertaken reforms to better organize this new stage. The government is working on preparing a new plan for the implementation of the Pce, supported by strategic plans in various ministries.
Mobilization of resources remains a top concern for the committee. Authorities believe it is essential to accelerate efforts to finance the remaining operational tools of the Pce and make the country's emergence more visible. The committee chair praised the support of development partners, including the European Union and the UNDP, but called for increased accompaniment given the needs related to the final phase of the Pce.
The session took place against the backdrop of an international context marked by successive crises with repercussions on national economies. Committee officials believe these constraints make it even more necessary to strengthen coordination among actors and diversify development financing mechanisms. Participants also examined the situation of the four financing axes adopted within the framework of the National Development Financing Strategy.
The committee's discussions aimed to provide a common understanding of progress, challenges, and available resources to make decisions that would advance the financing of the Pce. The authorities are seeking solutions to mobilize more resources for national priorities. The committee's work is crucial in ensuring the effective implementation of the Pce and achieving the country's development goals.
The Comoros government is committed to strengthening partnerships to support its development agenda. The second session of the Cnfi committee has provided a platform for stakeholders to review progress, identify challenges, and explore solutions to accelerate development financing. The country's emergence is dependent on effective coordination and mobilization of resources.
Key points
- The Comoros government convened the second session of the Committee to Oversee the National Integrated Financing Framework (Cnfi) to review progress on reforms to strengthen development financing.
- The committee aims to ensure the conditions necessary for the implementation of the Comoros Emergent Plan (Pce) and the achievement of the Sustainable Development Goals (SDGs).
- Authorities are seeking solutions to mobilize more resources for national priorities and strengthen partnerships to support the country's development agenda.
