IMF Staff Country Reports

Union of the Comoros: Staff-Monitored Program

Publication Date:

March 7, 2005

Electronic Access:

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Summary:

This paper reviews the Staff-Monitored Program (SMP) for the Union of the Comoros. The authorities’ program for 2005 is focused on macroeconomic stabilization. This is predicated on a consolidated budget entailing a domestic fiscal adjustment slightly above 3 percent of GDP. Monetary policy will remain circumscribed by the country’s participation in the Franc zone. Agreement in principle was reached on a SMP covering 2005. The program would support the authorities’ economic reforms and establish a track record of policy implementation that could lead to a Poverty Reduction and Growth Facility arrangement.

Series:

Country Report No. 2005/077

Subject:

Arrears Banking Credit External debt Fiscal policy Fiscal stance Health Money