Union of the Comoros: Second Review Under the Staff-Monitored Program

International Monetary Fund

No 2006/192, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper on the Second Review Under the Staff-Monitored Program for the Union of the Comoros reports that the external current account is expected to worsen with the sharp deterioration of the trade deficit. General economic conditions have remained lackluster in 2005, hampered by the sharp deterioration in terms of trade, as vanilla prices have remained depressed and oil import costs have more than doubled. Monetary policy has remained prudent and inflation subdued.

Keywords: ISCR; CR; government; net; Comorian authorities; U.S. dollar; Island government; government financial operations; net credit; reform program; Arrears; Foreign assets; Current spending; Global (search for similar items in EconPapers)
Pages: 26
Date: 2006-05-26
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