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Union of the Comoros

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  • International Monetary Fund. African Dept.
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    Abstract

    Comoros remains in debt distress, pending the achievement of the completion point under the Highly Indebted Poor Country (HIPC) Initiative. The outlook for 2012 is broadly consistent with expectations under the Extended Credit Facility (ECF) arrangement. The IMF Executive Board has approved a three-year ECF arrangement to support Comoros’ medium-term economic recovery efforts. The government has continued pursuing a prudent external debt management policy. Achievement of the government’s fiscal objectives requires close adherence to the fiscal program to enhance the efficiency of tax and customs administration and to expand the tax base.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40305
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/38.

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    Length: 78
    Date of creation: 08 Feb 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/38

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    Related research

    Keywords: Political economy; Economic growth; Fiscal policy; Revenue mobilization; Government expenditures; Fiscal reforms; Public enterprises; Debt sustainability analysis; Economic indicators; Staff Reports; Press releases; Extended Credit Facility; Performance criteria waivers; Comoros; external debt; debt service; central bank; debt management; current account; external payments; external payments arrears; current account deficit; external debt service; public debt; balance of payments; external borrowing; domestic debt; payment arrears; external debt management; debt rescheduling; debt sustainability; multilateral creditors; debt management software; debt service payments; debt restructuring; foreign aid; current account balance; repurchases; debt relief; debt management capacity; budget balance; foreign debt; debt ratios; private creditors; repayments; debt-relief; public finance; external debt burden; debt burden; debt management office; public enterprises debt; debt management systems; net debt; public debt management; imf repurchases; debt unit; external resources; short-term debt; debt obligations; debt service reduction; debt management system; debt policy;

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