Union of the Comoros: 2004 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

August 13, 2004

Preview Citation

Format: Chicago

Union of the Comoros: 2004 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2004) accessed September 19, 2024

Summary

This 2004 Article IV Consultation highlights that economic developments in the Union of the Comoros during 2003 were adversely affected by the difficult relationship between the Union and island governments. The related disputes regarding competencies and resources prevented the design and implementation of coherent economic policies, brought to a virtual standstill structural reforms, and undermined confidence at home and abroad, with adverse consequences for private investment and foreign aid. As a result, the Comoros real per capita income declined for the sixth year in a row.

Subject: Arrears, Budget planning and preparation, Debt service, Expenditure, External debt, Public financial management (PFM)

Keywords: Africa, Arrears, Budget planning and preparation, Comorian authorities, CR, Debt service, East Africa, ISCR, Island president, Opposition party, Revenue account, Southern Africa, Union government

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/259
Stock No:

1COMEA0042004
ISBN:

9781451809084
ISSN:

1934-7685

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