Comoros : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

October 15, 1996

Summary:

This paper describes economic developments in Comoros during the 1990s. The economic performance of Comoros during 1991–94 was characterized by real growth of about 1.6 percent a year on average, large financial imbalances, an eroding export base, and the accumulation of large domestic and external payments arrears. Public finances came under pressure as revenue performance deteriorated as a result of a narrow tax base, tax exemptions and evasion, and poor tax administration, exacerbated by rising current expenditures, which stemmed in particular from a growing wage bill.

Series:

Country Report No. 96/106

Subject:

English

Publication Date:

October 15, 1996

ISBN/ISSN:

9781451809008/1934-7685

Stock No:

1COMEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

107

Please address any questions about this title to publications@imf.org