Union of Comoros: Request for a Staff-Monitored Program-Press Release; and Staff Report

October 29, 2021

Preview Citation

Format: Chicago

Union of Comoros: Request for a Staff-Monitored Program-Press Release; and Staff Report, (USA: International Monetary Fund, 2021) accessed November 22, 2024

Also available in: français

Summary

Comoros is a small, fragile island state (population: 850,000) with persistently low and shock-prone growth. The last Article IV Consultation (completed in early 2020) assessed Comoros’ fragility as arising from two vicious circles: economic fragility manifests in low fiscal revenue, insufficient government investment in human and physical capital, and pronounced vulnerability to shocks; while institutional fragility manifests in governance challenges, low government implementation capacity, and a weak judicial system. The circles feed into each other, undermining economic performance and stability. Overcoming fragility requires breaking both circles.

Subject: COVID-19, External debt, Health, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Burden indicator, COVID pandemic, COVID-19, Global, IMF's transparency policy, Implementation capacity, SMP design, SMP objective, Southern Africa, Sub-Saharan Africa, West Africa

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/235
Stock No:

1COMEA2021001
ISBN:

9781513598086
ISSN:

1934-7685

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