Comoros - onale de Paris--Internationale) BIC Afribank, a BIC subsidiary and the Development Bank of Comoros (Banque de Développement des Comores), established in 1982, which provided support for small and midsize development projects. Most of the shares in the Development Bank of Comoros were held by the Comoran government and the central bank the rest were held by the European Investment Bank and the Central Bank for Economic Cooperation (Caisse Centrale de Coopération Économique--CCCE), a development agency of the French government. All of these banks had headquarters in Moroni.

A national labor organization, the Union of Comoran Workers (Union des Travailleurs des Comores), also had headquarters in Moroni. Strikes and worker demonstrations often occurred in response to political crises, economic restructuring mandated by international financial organizations, and the failure of the government--occasionally for months at a time--to pay civil servants.

Data as of August 1994


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onale de Paris--Internationale) BIC Afribank, a BIC subsidiary and the Development Bank of Comoros (Banque de Développement des Comores), established in 1982, which provided support for small and midsize development projects. Most of the shares in the Development Bank of Comoros were held by the Comoran government and the central bank the rest were held by the European Investment Bank and the Central Bank for Economic Cooperation (Caisse Centrale de Coopération Économique--CCCE), a development agency of the French government. All of these banks had headquarters in Moroni.

A national labor organization, the Union of Comoran Workers (Union des Travailleurs des Comores), also had headquarters in Moroni. Strikes and worker demonstrations often occurred in response to political crises, economic restructuring mandated by international financial organizations, and the failure of the government--occasionally for months at a time--to pay civil servants.

Data as of August 1994


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