Union of the Comoros: Staff-Monitored Program

International Monetary Fund

No 2005/077, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews the Staff-Monitored Program (SMP) for the Union of the Comoros. The authorities’ program for 2005 is focused on macroeconomic stabilization. This is predicated on a consolidated budget entailing a domestic fiscal adjustment slightly above 3 percent of GDP. Monetary policy will remain circumscribed by the country’s participation in the Franc zone. Agreement in principle was reached on a SMP covering 2005. The program would support the authorities’ economic reforms and establish a track record of policy implementation that could lead to a Poverty Reduction and Growth Facility arrangement.

Keywords: ISCR; CR; implementation capacity; island government; broad money; Comorian authorities; authorities of the Union; government financial operations; Arrears; Fiscal stance; Credit; Africa; Global (search for similar items in EconPapers)
Pages: 50
Date: 2005-03-07
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