World Bank2023-07-282023-07-282023-07-28https://openknowledge.worldbank.org/handle/10986/40112The Union of the Comoros is a small-island country in Eastern Africa that recorded a modest economic expansion and suffered from various fiscal challenges during the last decade that had an impact on long-term growth. Limited fiscal space to address development needs explains the country’s low human capital and poor quality infrastructure, which in turn hamper efforts to increase productivity and private sector growth. In addition, due to low performing State-owned enterprise (SOEs) and weakening economic performance, Comoros faces significant fiscal risks. The analysis presented in this PER supports the efforts of the government of Comoros to enhance public expenditure efficiency, create fiscal space, and limit fiscal risks. The analysis is designed to focus on public investment management (PIM) and public financial management (PFM), identify reforms that could yield fiscal and efficiency gains, and assess the governance of SOEs.en-USCC BY-NC 3.0 IGOPUBLIC EXPENDITURE REVIEWPERINCLUSIVE GROWTHFISCAL CHALLENGESReportWorld Bank10.1596/40112