IMF Staff Country Reports

Union of the Comoros: 2005 Article IV Consultation and First Review Under the Staff-Monitored Program: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Union of the Comoros

Publication Date:

August 16, 2005

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper analyzes the 2005 Article IV Consultation and First Review Under the Staff-Monitored Program (SMP) for the Union of the Comoros. Economic growth remained lackluster in 2004 owing to a depressed world demand for vanilla and crop, and cattle diseases. Government revenue stagnated, while wage outlays rose significantly on account of hirings associated with the new constitutional arrangements. Monetary policy remained prudent, but inflation increased slightly. Performance under the SMP in the first quarter of 2005 was mixed.

Series:

Country Report No. 2005/299

Subject:

Arrears Banking Current spending Expenditure External debt Fiscal policy Labor