Union of the Comoros: Selected Issues
IMF Staff Country Reports, January 8, 2024
Source details
- Canonical URL
- Union of the Comoros: Selected Issues
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Bibliographic details
- Published: January 8, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400263125.002
Objective and approach
- Focus: costing and financing of social development goals (SDG) in Comoros.
- Analytical tools: two models—a costing model and a financing model—to estimate costs of reaching selected SDGs related to social, human capital, and infrastructure by the target year of 2030.
- Context: Comoros is committed to achieve SDGs, but progress has been limited.
Key findings and cost estimate
- Aggregate cost: The substantial cost of achieving SDG is 18.8 percent of 2030 gross domestic product.
- Drivers of high cost:
- Very low starting point of Comoros relative to SDG targets.
- Inherent difficulties associated with the country’s small size.
- Persistently very weak domestic resources.
Financing and policy implications
- Domestic revenue mobilization: Ongoing commitments of the authorities in the Extended Credit Facility program, with a focus on enhancing domestic revenue mobilization, are key to achieving better outcomes for SDG financing.
- Fiscal space use: The fiscal space generated by the program could be used both to restore debt sustainability and to accelerate the achievement of SDGs in Comoros.
Thematic coverage
- Social, human capital, and infrastructure SDGs.
- Interactions with fiscal policy and debt sustainability given limited domestic resources.
International Monetary Fund. Union of the Comoros: Selected Issues (IMF Staff Country Reports 2024/005).
Content in this bundle
- Union of the Comoros: Selected Issues; IMF Country Report No. 24/5; December 1, 2023