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Economic developments over the past two years have been challenging due mainly to adverse impacts of political uncertainty (constitutional referendum in mid-2018 and elections in early 2019) and Cyclone Kenneth (April 2019), notwithstanding the provision of Fund emergency financial support...
Persistent link: https://www.econbiz.de/10014408828
EXECUTIVE SUMMARY Comoros is in the last year of a multi-year economic and structural adjustment program and has made …
Persistent link: https://www.econbiz.de/10014394433
The Comorian authorities have made steady progress in fiscal consolidation, reinvigorated their structural reform agenda, and gathered strong public support for sound macroeconomic policies. Macroeconomic developments have been largely positive, mostly thanks to improved policies. External...
Persistent link: https://www.econbiz.de/10014395389
Comoros remains in debt distress, pending the achievement of the completion point under the Highly Indebted Poor … (ECF) arrangement. The IMF Executive Board has approved a three-year ECF arrangement to support Comoros’ medium …
Persistent link: https://www.econbiz.de/10014395391
This 2018 Article IV Consultation highlights that the Comorian economy's performance improved in 2017. Growth is estimated at 2.7 percent for 2017, half a percentage point higher than in the previous year. A combination of factors contributed to this outcome, notably an improved electricity...
Persistent link: https://www.econbiz.de/10011915827