Union of Comoros: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Union of Comoros
Electronic Access:
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Summary:
This 2016 Article IV Consultation highlights difficulties the economy of Comoros encountered in 2015 and the first half of 2016. An ongoing crisis in the electricity sector and slower-than-expected implementation of the public investment program were the main factors behind the slower growth. Inflation remained well anchored at an annual rate of about 2 percent. Fiscal policy was challenging for most of 2015 as the impact of slower economic growth was compounded by lower revenues. Growth is projected to pick up somewhat to 2 percent in 2016, and revenues are projected to increase to 12 percent of GDP.
Series:
Country Report No. 2016/393
Subject:
Arrears External debt Labor Public financial management (PFM) Revenue administration Wages
English
Publication Date:
December 22, 2016
ISBN/ISSN:
9781475562767/1934-7685
Stock No:
1COMEA2016001
Pages:
88
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