IMF Staff Country Reports

Comoros: Assessment of Performance Under the Program Supported by Emergency Post-Conflict Assistance and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Supplement, Informational Annex; Staff Statement, Press Release on the Executive Board Discussion; and Statement by the Executive Director of Comoros

November 2, 2009

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Format: Chicago

International Monetary Fund. "Comoros: Assessment of Performance Under the Program Supported by Emergency Post-Conflict Assistance and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Supplement, Informational Annex; Staff Statement, Press Release on the Executive Board Discussion; and Statement by the Executive Director of Comoros", IMF Staff Country Reports 2009, 307 (2009), accessed 12/19/2025, https://doi.org/10.5089/9781451809213.002

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Summary

This paper discusses an assessment of Comoros’s performance Under the Program Supported by the Emergency Post-Conflict Assistance (EPCA). Overall performance under the EPCA-supported program has been broadly satisfactory. Nearly all EPCA performance indicators for end-March 2009 were observed. Revenue collection was stronger than anticipated. On the spending side, recent measures to improve expenditure management are gradually restoring order in spending operations, although continued difficulties have been experienced in managing the wage bill. All but one of the structural indicators were met.

Subject: Arrears, Banking, Credit, Debt service, Economic and financial statistics, External debt, Financial statistics, Monetary statistics

Keywords: Arrears, CR, Debt service, end-September budget target, Financial statistics, Global, ISCR, Monetary statistics, overlooked debt obligation, Paris Club creditor, reform agenda, staff appraisal