Union of the Comoros : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Union of the Comoros

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

June 29, 2018

Electronic Access:

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

Summary:

This 2018 Article IV Consultation highlights improvement in the Comorian economy in 2017. Growth is estimated at 2.7 percent for 2017, half a percentage point higher than in the previous year. A combination of factors contributed to this outcome, notably an improved electricity situation relative to 2016, increased exports, and stronger remittance flows. However, the economy was held back by a perceived deterioration in the business climate and tensions in the financial sector. Inflation remained moderate. The near-term outlook remains challenging in the absence of further reform efforts. The authorities’ reform agenda and investment plans, undertaken in the context of their revised strategic development plan will help raise future potential growth rates.

Series:

Country Report No. 18/189

Subject:

English

Publication Date:

June 29, 2018

ISBN/ISSN:

9781484363768/1934-7685

Stock No:

1COMEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

81

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