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

1COMEA2006004 Image
Price:  $15.00

Release Date: © May, 2006
ISBN : 978-1-45180-916-9
Stock #: 1COMEA2006004
English
Stock Status: On back-order

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Description

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.

Taxonomy

Balance of payments , Debt , Economic policy , Fiscal policy , IMF governance and operations , Monetary policy , Operations , Technical assistance




More publications in this series: IMF Staff Country Reports