Union of the Comoros: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Union of the Comoros

June 29, 2018

Preview Citation

Format: Chicago

Union of the Comoros: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Union of the Comoros, (USA: International Monetary Fund, 2018) accessed November 15, 2024

Also available in: français

Summary

This 2018 Article IV Consultation highlights that the Comorian economy’s performance improved in 2017. Growth is estimated at 2.7 percent for 2017, half a percentage point higher than in the previous year. A combination of factors contributed to this outcome, notably an improved electricity situation relative to 2016, increased exports, and stronger remittances flows. However, the economy was held back by a perceived deterioration in the business climate and tensions in the financial sector. Inflation remained moderate. The near-term outlook remains challenging in the absence of further reform efforts. The authorities’ reform agenda and investment plans, undertaken in the context of their revised strategic development plan will help raise potential growth rates going.

Subject: Arrears, Capital spending, Current spending, Debt sustainability, Expenditure, External debt, National accounts, Revenue administration

Keywords: Africa, Arrears, Capital spending, Caribbean, Cash revenue collection, Center, CR, Current spending, East Africa, GDP, Growth prospect, Infrastructure bottleneck, Investment budget execution, ISCR, Middle East, Reform effort, Revenue, Southern Africa, Sub-Saharan Africa, Support grant

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/189
Stock No:

1COMEA2018001
ISBN:

9781484363768
ISSN:

1934-7685

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