IMF Executive Board Concludes Article IV Consultation with the Union of the Comoros

International Monetary Fund. African Dept.

doi:10.5089/9781475562767.002.A004

Union of Comoros : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Union of Comoros

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Volume/Issue:: 2016/393
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund. African Dept.
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: December 2016
DOI:: http://dx.doi.org/10.5089/9781475562767.002
ISBN:: 9781475562767
ISSN:: 1934-7685
Page:: 88

This 2016 Article IV Consultation highlights difficulties the economy of Comoros encountered in 2015 and the first half of 2016. An ongoing crisis in the electricity sector and slower-than-expected implementation of the public investment program were the main factors behind the slower growth. Inflation remained well anchored at an annual rate of about 2 percent. Fiscal policy was challenging for most of 2015 as the impact of slower economic growth was compounded by lower revenues. Growth is projected to pick up somewhat to 2 percent in 2016, and revenues are projected to increase to 12 percent of GDP.

Union of Comoros: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Union of Comoros

Union of Comoros : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Union of Comoros

IMF Executive Board Concludes Article IV Consultation with the Union of the Comoros

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