Union of the Comoros: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Request for Modification of a Performance Criterion
June 19, 2013
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The Fifth Review under the Extended Credit Facility (ECF) Arrangement for the Union of the Comoros discusses macroeconomic policies and developments of the country. The performance under the ECF-supported program through end-December has been satisfactory. All performance criteria and indicative targets for end-December 2012 have been met, with wide margins in some cases. Macroeconomic developments have been consistent with expectations under the ECF arrangement. IMF staff has proposed modifications to the structural benchmarks, and recommends completion of the fifth review under the ECF arrangement.
Subject: Arrears, Credit, Debt service, External debt, Money, Public financial management (PFM), Revenue administration
Keywords: Africa, Arrears, broad money, CR, Credit, current account, debt service, Debt service, disbursement of an amount equivalent to SDR, executive board's decision, financial asset, financing, GDP, Global, ISCR, net, remittance receipt, Union government
Pages:
55
Volume:
2013
DOI:
Issue:
167
Series:
Country Report No. 2013/167
Stock No:
1COMEA2013006
ISBN:
9781484324103
ISSN:
1934-7685
