Union of the Comoros: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Union of the Comoros

International Monetary Fund

No 2018/189, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2018 Article IV Consultation highlights that the Comorian economy’s performance improved in 2017. Growth is estimated at 2.7 percent for 2017, half a percentage point higher than in the previous year. A combination of factors contributed to this outcome, notably an improved electricity situation relative to 2016, increased exports, and stronger remittances flows. However, the economy was held back by a perceived deterioration in the business climate and tensions in the financial sector. Inflation remained moderate. The near-term outlook remains challenging in the absence of further reform efforts. The authorities’ reform agenda and investment plans, undertaken in the context of their revised strategic development plan will help raise potential growth rates going.

Keywords: ISCR; CR; GDP; reform effort; center; growth prospect; revenue; cash revenue collection; investment budget execution; support grant; infrastructure bottleneck; Arrears; Capital spending; Current spending; Middle East; Sub-Saharan Africa; Southern Africa; Caribbean; East Africa; Africa (search for similar items in EconPapers)
Pages: 81
Date: 2018-06-29
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