## Union of the Comoros: Second Review Under the Staff-Monitored Program

_IMF Staff Country Reports, May 26, 2006_

## Source details

**Canonical URL:** [Union of the Comoros: Second Review Under the Staff-Monitored Program](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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## Bibliographic details
- Published: May 26, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809152.002

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### Summary findings
- 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 position and trade
- 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:
  - Vanilla prices: have remained depressed.
  - Oil import costs: have more than doubled.

### Domestic macroeconomic conditions
- Economic activity: general conditions described as lackluster in 2005.
- Monetary policy: maintained a prudent stance.
- Inflation: described as subdued.

### Policy implications and areas of focus
- 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.

*International Monetary Fund. "Union of the Comoros: Second Review Under the Staff-Monitored Program", IMF Staff Country Reports 2006, 192 (2006).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/union-of-the-comoros-second-review-under-the-staff-monitored-program-19284_