Union of Comoros: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Union of Comoros

December 22, 2016

Preview Citation

Format: Chicago

Union of Comoros: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Union of Comoros, (USA: International Monetary Fund, 2016) accessed December 21, 2024

Summary

This 2016 Article IV Consultation highlights difficulties the economy of Comoros encountered in 2015 and the first half of 2016. An ongoing crisis in the electricity sector and slower-than-expected implementation of the public investment program were the main factors behind the slower growth. Inflation remained well anchored at an annual rate of about 2 percent. Fiscal policy was challenging for most of 2015 as the impact of slower economic growth was compounded by lower revenues. Growth is projected to pick up somewhat to 2 percent in 2016, and revenues are projected to increase to 12 percent of GDP.

Subject: Arrears, External debt, Labor, Public financial management (PFM), Revenue administration, Wages

Keywords: Africa, Arrears, Authority, Caribbean, Comorian authority, Comoros post, CR, Electricity company, Europe, Financing, Financing gap, Further revenue administration, Government, IMF staff estimate, ISCR, Sub-Saharan Africa, Wage bill, Wages

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/393
Stock No:

1COMEA2016001
ISBN:

9781475562767
ISSN:

1934-7685

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