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 December 26, 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...

Republic of Kosovo: 2024 Article IV Consultation and Third Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

December 23, 2024

Costa Rica: Post Financing Assessment-Press Release; and Staff Report

December 23, 2024

Ukraine: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

December 20, 2024

Islamic Republic of Mauritania: Staff Report for the 2024 Article IV Consultation, Third Review Under the Arrangements Under the Extended Credit Facility and Extended Fund Facility, Request for Modification of Quantitative Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania

December 20, 2024