IMF Staff Country Reports

Union of the Comoros: First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for a Modification of Performance Criteria and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Union of the Comoros.

July 27, 2010

Download PDF

Preview Citation

Format: Chicago

Union of the Comoros: First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for a Modification of Performance Criteria and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Union of the Comoros., (USA: International Monetary Fund, 2010) accessed November 21, 2024

Also available in: français

Summary

Recent developments in the Comoros point to slow, uneven, yet significant progress in political normalization. Overall performance under the Extended Credit Facility-supported program has been broadly satisfactory. The government understands the need to continue fiscal consolidation in support of macroeconomic objectives, targeting a reduction of the domestic primary deficit. In the structural area, program focus will be on public finance management and key sectors critical to improved growth performance. Debt relief is crucial to securing medium-term external debt sustainability and for success of the program.

Subject: Arrears, Banking, Debt relief, Debt service, Economic and financial statistics, External debt, Financial statistics, Monetary statistics

Keywords: Africa, Arrears, Authority, Comorian authorities, Comoros' eligibility, CR, Debt service, ECF arrangement, Financial statistics, Financing, Firm commitment, Global, ISCR, Monetary statistics, Policy advice, Reform agenda, Sub-Saharan Africa

Publication Details

  • Pages:

    65

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/233

  • Stock No:

    1COMEA2010005

  • ISBN:

    9781455203406

  • ISSN:

    1934-7685

Notes

Also available in French

You May Also Be Interested In...

Guidance Note On The Financing Assurances And Sovereign Arrears Policies And The Fund's Role In Debt Restructurings

November 18, 2024

Burkina Faso: Report on Government Finance Statistics Mission (March 18–29, 2024)

November 18, 2024

Islamic Republic of Mauritania: Technical Assistance Project on Public Debt Projections: Scoping Mission Report

November 15, 2024

Vietnam: Technical Assistance Report-Report on Residential Property Price Index Mission (April 22-26, 2024)

November 8, 2024