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Africa > Comoros, Union of the

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Cover IMF Staff Country Reports
Union Des Comoros: Deuxième Revue Au Titre Du Programme De Référence— Communiqué De Presse; Rapport Des Services Du Fmi Pour L’union Des Comores; Analyse De Viabilité De La Dette; Lettre D’intention; Et Memorandum De Politiques Economiques Et Financières
International Monetary Fund. African Dept.
Comoros is a small, fragile island state (population: 850,000) with low and shock-prone growth. A Staff-Monitored Program (SMP) has been in place since July 2021. Policies aimed to: (i) contain and recover from the COVID-19 pandemic; and (ii) start implementing reforms to overcome fragility, boost inclusive growth, and limit risks. The first review assessed implementation through end-September 2021 as satisfactory and rescheduled three structural benchmarks that needed more time from end-December 2021 to end-February 2022. This second (and final) review assessed implementation of end-December 2021 and end-February 2022 quantitative targets and structural benchmarks, as well as overall policy implementation under the SMP.
Keywords:
SMP staff report; SMP implementation; Comoros' Staff-Monitored Program; debt sustainability risk; reform program; Debt sustainability analysis; Arrears; Global
Cover IMF Staff Country Reports
Union of the Comoros: Second Review Under the Staff-Monitored Program-Press Release; and Staff Report
International Monetary Fund. African Dept.
Comoros is a small, fragile island state (population: 850,000) with low and shock-prone growth. A Staff-Monitored Program (SMP) has been in place since July 2021. Policies aimed to: (i) contain and recover from the COVID-19 pandemic; and (ii) start implementing reforms to overcome fragility, boost inclusive growth, and limit risks. The first review assessed implementation through end-September 2021 as satisfactory and rescheduled three structural benchmarks that needed more time from end-December 2021 to end-February 2022. This second (and final) review assessed implementation of end-December 2021 and end-February 2022 quantitative targets and structural benchmarks, as well as overall policy implementation under the SMP.
Keywords:
SMP staff report; SMP implementation; Comoros' Staff-Monitored Program; debt sustainability risk; reform program; Debt sustainability analysis; Arrears; Global
Cover IMF Staff Country Reports
Union of the Comoros: First Review Under the Staff-Monitored Program and Request for Extension; and Staff Report
International Monetary Fund. African Dept.
Comoros is a small, fragile island state (population: 850,000) with persistently low and shock-prone growth and a high risk of external debt distress. Officially recorded COVID-related casualties have remained low (4,569 infections and 151 deaths so far). Growth projections remain at 1.6 percent in 2021 and 3.8 percent in 2022, supported in part by progress in vaccinations.
Keywords:
Comoros' Staff Monitored program; IMF team; SMP review; Comorian authorities; IMF's transparency policy; management of the International Monetary Fund; SMP objective; Arrears; Fiscal stance; Current spending; Sub-Saharan Africa
Cover IMF Staff Country Reports
Union of the Comoros: First Review Under the Staff-Monitored Program and Request for Extension; and Staff Report
International Monetary Fund. African Dept.
Comoros is a small, fragile island state (population: 850,000) with persistently low and shock-prone growth and a high risk of external debt distress. Officially recorded COVID-related casualties have remained low (4,569 infections and 151 deaths so far). Growth projections remain at 1.6 percent in 2021 and 3.8 percent in 2022, supported in part by progress in vaccinations.
Keywords:
Comoros' Staff Monitored program; IMF team; SMP review; Comorian authorities; IMF's transparency policy; management of the International Monetary Fund; SMP objective; Arrears; Fiscal stance; Current spending; Sub-Saharan Africa
Cover IMF Staff Country Reports
Union of Comoros: Request for a Staff-Monitored Program-Press Release; and Staff Report
International Monetary Fund. African Dept.
Comoros is a small, fragile island state (population: 850,000) with persistently low and shock-prone growth. The last Article IV Consultation (completed in early 2020) assessed Comoros’ fragility as arising from two vicious circles: economic fragility manifests in low fiscal revenue, insufficient government investment in human and physical capital, and pronounced vulnerability to shocks; while institutional fragility manifests in governance challenges, low government implementation capacity, and a weak judicial system. The circles feed into each other, undermining economic performance and stability. Overcoming fragility requires breaking both circles.
Keywords:
COVID pandemic; SMP design; SMP objective; burden indicator; implementation capacity; IMF's transparency policy; COVID-19; Global; Africa; West Africa; Southern Africa; Sub-Saharan Africa
Cover IMF Staff Country Reports
Union of Comoros: Request for a Staff-Monitored Program-Press Release; and Staff Report
International Monetary Fund. African Dept.
Comoros is a small, fragile island state (population: 850,000) with persistently low and shock-prone growth. The last Article IV Consultation (completed in early 2020) assessed Comoros’ fragility as arising from two vicious circles: economic fragility manifests in low fiscal revenue, insufficient government investment in human and physical capital, and pronounced vulnerability to shocks; while institutional fragility manifests in governance challenges, low government implementation capacity, and a weak judicial system. The circles feed into each other, undermining economic performance and stability. Overcoming fragility requires breaking both circles.
Keywords:
COVID pandemic; SMP design; SMP objective; burden indicator; implementation capacity; IMF's transparency policy; COVID-19; Global; Africa; West Africa; Southern Africa; Sub-Saharan Africa
Cover IMF Working Papers
Defying the Odds: Remittances During the COVID-19 Pandemic
Mr. Kangni R Kpodar, Mr. Montfort Mlachila, Mr. Saad N Quayyum, and Vigninou Gammadigbe