Union of the Comoros: Staff-Monitored Program

March 7, 2005

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Union of the Comoros: Staff-Monitored Program, (USA: International Monetary Fund, 2005) accessed November 17, 2024

Summary

This paper reviews the Staff-Monitored Program (SMP) for the Union of the Comoros. The authorities’ program for 2005 is focused on macroeconomic stabilization. This is predicated on a consolidated budget entailing a domestic fiscal adjustment slightly above 3 percent of GDP. Monetary policy will remain circumscribed by the country’s participation in the Franc zone. Agreement in principle was reached on a SMP covering 2005. The program would support the authorities’ economic reforms and establish a track record of policy implementation that could lead to a Poverty Reduction and Growth Facility arrangement.

Subject: Arrears, Banking, Credit, External debt, Fiscal policy, Fiscal stance, Health, Money

Keywords: Africa, Arrears, Authorities of the Union, Broad money, Comorian authorities, CR, Credit, Fiscal stance, Global, Government financial operations, Implementation capacity, ISCR, Island government

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/077
Stock No:

1COMEA2005001
ISBN:

9781451809107
ISSN:

1934-7685

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