Union of the Comoros: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative- Decision Point Document

IMF Staff Country Reports, August 1, 2010

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Union of the Comoros: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative- Decision Point Document

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Bibliographic details

• Published: August 1, 2010
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781455203413.002

Summary

• The assessment shows that despite challenging circumstances, Comoros has made progress on political and economic reforms under IMF-supported programs.
• Comorian authorities implemented a program for maintaining macroeconomic stability, reducing poverty, improving public financial management, public expenditure policy, and external debt management.
• The IMF and IDA authorities assessed that, on this decision point, the full delivery of Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI) debt relief and sound debt management debt relief will enable the government to better implement the economic reforms that are needed to support sustainable growth in Comoros.

Key findings

• Progress on political and economic reforms has been achieved under IMF-supported programs.
• Implemented program components include:
  • maintaining macroeconomic stability
  • reducing poverty
  • improving public financial management
  • improving public expenditure policy
  • improving external debt management
• IMF and IDA assessment at decision point:
  • Full delivery of HIPC and MDRI debt relief, together with sound debt management debt relief, will enable the government to better implement needed economic reforms to support sustainable growth.

Policy implications and recommendations

• Deliver HIPC debt relief in full as assessed at the decision point.
• Deliver MDRI debt relief in full as assessed at the decision point.
• Strengthen sound debt management practices to ensure that debt relief translates into enhanced capacity to carry out reforms.
• Continue IMF-supported programs aimed at:
  • maintaining macroeconomic stability
  • reducing poverty
  • improving public financial management and public expenditure policy
  • improving external debt management

Subjects and keywords

• Subjects: Arrears, Asset and liability management, Debt relief, Debt service, External debt, Health, Public and publicly-guaranteed external debt
• Keywords: Arrears, CR, Debt relief, Debt service, Extended Credit Facility arrangement, Global, HIPC debt relief from IDA, IMF mission chief, ISCR, MDRI debt relief, World Bank's International Development Association

Source: Union of the Comoros: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative- Decision Point Document, August 1, 2010.

Content in this bundle

• _cr10242
  • _cr10242 (Markdown version)
  • _cr10242 (PDF)
• Comores : Document relatif à l’initiative PPTE ; Rapport du FMI 10/242 ; 7 juin 2010
  • Comores : Document relatif à l’initiative PPTE ; Rapport du FMI 10/242 ; 7 juin 2010 (Markdown version)
  • Comores : Document relatif à l’initiative PPTE ; Rapport du FMI 10/242 ; 7 juin 2010 (PDF)