Union of the Comoros: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Waiver of a Performance Criterion
December 20, 2013
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This paper discusses the Union of the Comoros’ Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF) and Request for Waiver of a Performance Criterion. Performance under the ECF-supported program through end-June was broadly satisfactory. All but one of the performance criteria and all indicative targets for end-June were met. Most structural benchmarks were also met. The authorities are requesting a waiver for the nonobservance of the performance criterion on net credit to the government at end-June 2013. The IMF staff supports this request and recommends completion of the sixth and final review under the ECF arrangement.
Subject: Arrears, Banking, Credit, Debt service, External debt, Fiscal policy, Fiscal stance, Money
Keywords: Africa, amount equivalent to SDR, Arrears, authorities of the Union of the Comoros, Comorian authority, CR, Credit, Debt service, equivalent, Executive Board's discussion, financing, Fiscal stance, government, ISCR, three-year Extended Credit Facility
Pages:
48
Volume:
2013
DOI:
Issue:
371
Series:
Country Report No. 2013/371
Stock No:
1COMEA2013007
ISBN:
9781484320167
ISSN:
1934-7685
