Union of the Comoros: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Waiver of a Performance Criterion

December 20, 2013

Preview Citation

Format: Chicago

Union of the Comoros: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Waiver of a Performance Criterion, (USA: International Monetary Fund, 2013) accessed December 21, 2024

Summary

This paper discusses the Union of the Comoros’ Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF) and Request for Waiver of a Performance Criterion. Performance under the ECF-supported program through end-June was broadly satisfactory. All but one of the performance criteria and all indicative targets for end-June were met. Most structural benchmarks were also met. The authorities are requesting a waiver for the nonobservance of the performance criterion on net credit to the government at end-June 2013. The IMF staff supports this request and recommends completion of the sixth and final review under the ECF arrangement.

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

Keywords: Africa, Amount equivalent to SDR, Arrears, Authorities of the Union of the Comoros, Comorian authority, CR, Credit, Debt service, Equivalent, Executive Board's discussion, Financing, Fiscal stance, Government, ISCR, Three-year Extended Credit Facility

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/371
Stock No:

1COMEA2013007
ISBN:

9781484320167
ISSN:

1934-7685

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