Union of the Comoros: Third Staff Review and Extension of the Staff-Monitored Program

International Monetary Fund

No 2006/193, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper on the Third Staff Review and Extension of the Staff-Monitored Program for the Union of the Comoros reports that important structural reforms have been implemented in the fiscal area, but progress is slow in other areas and institutional capacity remained low. The authorities’ macroeconomic program for 2006 focuses on securing the budgeted primary surplus of about 1 percent of GDP and avoiding new expenditure arrears. Tensions between the union and island governments have risen partly owing to a perceived weakening of coordination on fiscal policy.

Keywords: ISCR; CR; government; Comorian authorities; financial support; net; revenue; government financial operations; economic statistics; government's focus; fiscal measure; state's ability; authorities' letter; reform program; near-term structural agenda; authorities estimate; consolidated government; Arrears; Budget planning and preparation; Imports; Global (search for similar items in EconPapers)
Pages: 39
Date: 2006-05-26
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