{
  "title": "Union of the Comoros: Second Review Under the Staff-Monitored Program",
  "publication": "IMF Staff Country Reports, May 26, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/union-of-the-comoros-second-review-under-the-staff-monitored-program-19284",
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  "summary": "This paper on the Second Review Under the Staff-Monitored Program for the Union of the Comoros reports that the external current account is expected to worsen with the sharp deterioration of the trade deficit.",
  "publishDate": "2006-05-26",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- The external current account is expected to worsen with the sharp deterioration of the trade deficit.\n- General economic conditions have remained lackluster in 2005, hampered by the sharp deterioration in terms of trade.\n- Vanilla prices have remained depressed and oil import costs have more than doubled.\n- Monetary policy has remained prudent and inflation subdued."
    },
    {
      "heading": "External position and trade",
      "content": "- External current account: expected to worsen due to a sharp deterioration of the trade deficit.\n- Terms of trade: experienced a sharp deterioration in 2005.\n- Commodity specifics:\n  - Vanilla prices: have remained depressed.\n  - Oil import costs: have more than doubled."
    },
    {
      "heading": "Domestic macroeconomic conditions",
      "content": "- Economic activity: general conditions described as lackluster in 2005.\n- Monetary policy: maintained a prudent stance.\n- Inflation: described as subdued."
    },
    {
      "heading": "Policy implications and areas of focus",
      "content": "- Addressing the worsening external current account by mitigating the trade deficit.\n- Measures to manage vulnerability to commodity price swings, notably vanilla and oil.\n- Continued prudent monetary policy to maintain subdued inflation.\n\nInternational Monetary Fund. \"Union of the Comoros: Second Review Under the Staff-Monitored Program\", IMF Staff Country Reports 2006, 192 (2006).\n\n---\n\n Content in this bundle\n\n- cr06192\n  - cr06192 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06192 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/union-of-the-comoros-second-review-under-the-staff-monitored-program-19284"
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    "Published: May 26, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451809152.002",
    "The external current account is expected to worsen with the sharp deterioration of the trade deficit.",
    "General economic conditions have remained lackluster in 2005, hampered by the sharp deterioration in terms of trade.",
    "Vanilla prices have remained depressed and oil import costs have more than doubled.",
    "Monetary policy has remained prudent and inflation subdued.",
    "External current account: expected to worsen due to a sharp deterioration of the trade deficit.",
    "Terms of trade: experienced a sharp deterioration in 2005.",
    "Commodity specifics:",
    "Economic activity: general conditions described as lackluster in 2005.",
    "Monetary policy: maintained a prudent stance.",
    "Inflation: described as subdued.",
    "Addressing the worsening external current account by mitigating the trade deficit.",
    "Measures to manage vulnerability to commodity price swings, notably vanilla and oil.",
    "Continued prudent monetary policy to maintain subdued inflation.",
    "**_cr06192**"
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