Union of the Comoros: First Review Under the Staff-Monitored Program and Request for Extension; and Staff Report
IMF Staff Country Reports, February 8, 2022
Source details
- Canonical URL
- Union of the Comoros: First Review Under the Staff-Monitored Program and Request for Extension; and Staff Report
Other formats
Bibliographic details
- Published: February 8, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400200717.002
Summary findings and context
- Comoros is described as a small, fragile island state with persistently low and shock-prone growth and a high risk of external debt distress.
- Population: 850,000.
- Officially recorded COVID-related casualties: 4,569 infections and 151 deaths so far.
- Growth projections: 1.6 percent in 2021 and 3.8 percent in 2022, supported in part by progress in vaccinations.
Macroeconomic outlook and projections
- Growth projection for 2021: 1.6 percent.
- Growth projection for 2022: 3.8 percent.
- The modest recovery in 2022 is explicitly linked to progress in vaccinations.
Fiscal and external sector risks (as identified)
- Persistent low and shock-prone growth increases vulnerability.
- High risk of external debt distress is highlighted as a central external-sector concern.
Policy areas covered (subjects and keywords listed)
- Arrears
- Current spending
- Expenditure
- External debt
- Fiscal policy
- Fiscal stance
- International organization
- Monetary policy
- Revenue administration
Keywords associated with the report:
- Arrears, Comorian authorities, Comoros' Staff Monitored program, Current spending, Fiscal stance, IMF team, IMF's transparency policy, management of the International Monetary Fund, SMP objective, SMP review, Sub-Saharan Africa
Content in this bundle
- 1comea2022001