| Description |
1 online resource (48 pages) : color illustrations |
| Series |
IMF country report, 2227-8907 ; no. 13/371 |
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IMF country report ; no. 13/371.
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| Contents |
Cover; CONTENTS; BACKGROUND AND RECENT DEVELOPMENTS; A. Background; B. Program Performance; POLICY DISCUSSIONS; A. Macroeconomic Outlook and Risks; B. Fiscal Policy and Issues; C. Monetary and Financial Sector Outlook; BOX; 1. Financial Sector Profile; FIGURES; 1. Financial Sector Profile; D. Structural Reforms; E. Debt Sustainability Analysis and Risks to IMF Resources; F. Poverty Reduction Strategy; G. Staff Appraisal; 2. Key Parameters of the Comorian Economy; TABLES; 1. Selected Economics and Financial Indicators, 2011-18; 2A. Consolidated Government Financial Operations, 2011-18 |
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2B. Consolidated Government Financial Operations, 2011-182C. Consolidated Government Financial Operations, 2011-13; 3. Monetary Survey, 2011-18; 4. Balance of Payments, 2011-18; 5. Education and Health Expenditure, 2009-13; 6. Indicators of Capacity to Repay the Fund, 2009-2023; 7. Availability Dates of Proposed ECF Disbursements and Reviews, 2009-13; APPENDIXES; 1. Letter of Intent; 2. Debt Sustainability Analysis; 3. Third Annual Progress Report on the Poverty Reduction and Growth Strategy |
| Summary |
"Comoros is in the last year of a multi-year economic and structural adjustment program and has made significant progress in stabilizing the economy. Further progress has also been made on the structural front. The program has and continues to receive the support of a broad range of stakeholders. Macroeconomic developments are broadly as expected under the ECF arrangement. Economic growth is expected to strengthen to 3.5 percent of GDP in 2013 and average inflation is expected to be less than 3 percent. While official transfers and remittances have remained strong, international reserve holdings are expected to decline somewhat, mainly due to strong imports that more than offset a sizeable increase in exports. 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. However, fiscal performance weakened in the third quarter of 2013. Increases in capital spending, mainly on road construction in anticipation of receipts that did not materialize, caused the end- September indicative targets on net credit to the government and the domestic primary balance to be missed. However, additional fiscal measures taken subsequently should allow stabilization gains to be broadly preserved. The authorities are requesting a waiver for the non-observance of the performance criterion on net credit to the government at end-June 2013. Staff supports this request and recommends completion of the sixth and final review under the ECF arrangement"--Abstract |
| Notes |
Title from PDF title page (IMF Web site, viewed December 23, 2013) |
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"December 2013." |
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"December 2, 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
| Subject |
International Monetary Fund -- Comoros
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| SUBJECT |
International Monetary Fund fast |
| Subject |
Fiscal policy -- Comoros
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Monetary policy -- Comoros
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Financial institutions -- Comoros
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Poverty -- Comoros
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Economic indicators -- Comoros
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Economic indicators
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Financial institutions
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Fiscal policy
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Monetary policy
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Poverty
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Comoros
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| Form |
Electronic book
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| Author |
International Monetary Fund.
|
| ISBN |
9781484320693 |
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1484320697 |
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1475542690 |
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9781475542691 |
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1484320522 |
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9781484320525 |
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