IMF Staff Country Reports

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

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

December 22, 2016

Electronic Access:

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Summary:

A new government has taken the reins of power at a challenging time for Comoros. Economic growth is anemic due to electricity shortages and other infrastructure inadequacies. Poor tax revenue performance and a continuously rising wage bill have led to a structural imbalance between domestic resources and recurrent spending resulting in intermittent domestic arrears accumulation.

Series:

Country Report No. 16/393

Subject:

Article IV consultations Balance of payments statistics Bank supervision Comoros Debt sustainability analysis Economic growth Economic indicators Electric power Fiscal policy Letters of Intent Press releases Staff-monitored programs Tax collection Tax revenues