Comoros President Azali Assoumani expected to raise some 4.2 billion euros ($4.63 billion) at an international investment conference organized by the World Bank and the French government in Paris.
The conference aims to draw up an economic plan that extends until 2030, as part of efforts by President Assoumani and the Comorian government to promote the political stability and improve the economy in his country before the elections next year.
The Comoros President stressed that "the priority will be to attract investment in the tourism sector in addition to agricultural projects, transport and energy," pointing out that "the Comoros have experienced difficult periods but we decided to turn the page."
Comoros, one of the world's poorest countries, with an estimated population of 800,000, relies on the export of ylang-ylang flowers, a key ingredient in perfumery, vanilla and cloves, which are all subject to price fluctuations.
The Comoros has experienced a period of political instability, with a history of assassinations and mercenaries’ invasions and about 20 coups or rebellions since its independence from France in 1975, which many attribute to the continued involvement of the French in their affairs.
Source (Al-Khaleej newspaper, Edited)
