This paper discusses the Union of Comoros’ 2008 Article IV Consultation and request for Emergency Post-Conflict Assistance and disbursement under the Rapid-Access Component of the Exogenous Shocks Facility. Real GDP growth has been well below the regional average, and per-capita income has steadily declined. Rising food and energy costs have worsened the external position, and the external debt burden is far above the Heavily Indebted Poor Countries threshold. To reverse the deteriorating trend, the authorities have initiated measures in 2008 to contain the fiscal deficit and begin to address macroeconomic and structural impediments to growth.
In this study, the following statistical data are presented in detail: GDP at current market prices; prices of export crops; production and consumption of electricity; indicators of tourism activity; indicators of population, education, and employment; monetary survey; summary statement of the central bank; structure of interest rates; balance of payments; volume and value of principal exports and imports; breakdown of the government wage bill; external debt outstanding by creditors; summary of tax system; consolidated government expenditure; wage bill developments by ministry; and so on.
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.