IMF Staff Country Reports

Union of Comoros: Request for a Staff-Monitored Program-Press Release; and Staff Report

October 29, 2021

Download PDF

Preview Citation

Format: Chicago

Union of Comoros: Request for a Staff-Monitored Program-Press Release; and Staff Report, (USA: International Monetary Fund, 2021) accessed December 6, 2024

Also available in: français

Summary

Comoros is a small, fragile island state (population: 850,000) with persistently low and shock-prone growth. The last Article IV Consultation (completed in early 2020) assessed Comoros’ fragility as arising from two vicious circles: economic fragility manifests in low fiscal revenue, insufficient government investment in human and physical capital, and pronounced vulnerability to shocks; while institutional fragility manifests in governance challenges, low government implementation capacity, and a weak judicial system. The circles feed into each other, undermining economic performance and stability. Overcoming fragility requires breaking both circles.

Subject: COVID-19, External debt, Health, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Burden indicator, COVID pandemic, COVID-19, Global, IMF's transparency policy, Implementation capacity, SMP design, SMP objective, Southern Africa, Sub-Saharan Africa, West Africa

Publication Details

  • Pages:

    65

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/235

  • Stock No:

    1COMEA2021001

  • ISBN:

    9781513598086

  • ISSN:

    1934-7685