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Cover IMF Staff Country Reports
Comoros
Statistical Appendix
International Monetary Fund

386 2,652 2,102 2001 … … … … … … … … … SOCOPOTRAM 1996 … … … … … … … … … 1997 … … … … … … … … … 1998 543 … 545 34 37 5 50 671 -87 1999 899 … 728 53 1 2 90 873 25 2000 985 … 628 61 18 9 248 957 28 2001 … … … … … … … … … Sources: Public enterprises listed below; and Fund staff estimates. Notes: SCH (Comorian Hydrocarbons Company); ONICOR (National

Keywords:
ISCR; CR; value; retail price; unit value; Comorian hydrocarbons company; net statement of public enterprises; advance tax payment; loan company; unit values of imports; Comorian ports establishment
Cover IMF Staff Country Reports
Union of the Comoros: Staff-Monitored Program
International Monetary Fund
This paper reviews the Staff-Monitored Program (SMP) for the Union of the Comoros. The authorities’ program for 2005 is focused on macroeconomic stabilization. This is predicated on a consolidated budget entailing a domestic fiscal adjustment slightly above 3 percent of GDP. Monetary policy will remain circumscribed by the country’s participation in the Franc zone. Agreement in principle was reached on a SMP covering 2005. The program would support the authorities’ economic reforms and establish a track record of policy implementation that could lead to a Poverty Reduction and Growth Facility arrangement.
Keywords:
ISCR; CR; implementation capacity; island government; broad money; Comorian authorities; authorities of the Union; government financial operations; Arrears; Fiscal stance; Credit; Africa; Global
Cover IMF Staff Country Reports
Union of the Comoros: Statistical Appendix
International Monetary Fund
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.
Keywords:
ISCR; CR; central bank; retail price; unit value; staff estimate; bank financing; net statement; import value; Imports; Arrears; Exports; Tariffs; Africa
Cover IMF Staff Country Reports
Union of the Comoros: Selected Issues and Statistical Appendix
International Monetary Fund
The Selected Issues paper for the Union of the Comoros describes an assessment of the external competitiveness. Comoros has been hard hit by negative terms-of-trade shocks that have weakened the external position. A trend decline in the world price of vanilla, its main export, has occurred parallel to unprecedented increases in international food and petroleum prices. Although export growth has slackened, imports have steadily grown driven by a surge in remittances and a steady real appreciation of the euro-pegged national currency.
Keywords:
ISCR; CR; CA deficit; GDP; norm elasticity; CA balance; norm estimate; CA adjustment; balance of payments; CA reduction; Current account; Real effective exchange rates; Real exchange rates; Current account deficits; Income; Sub-Saharan Africa; Global
Cover IMF Staff Country Reports
Comoros: Statistical Annex
International Monetary Fund
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.
Keywords:
ISCR; CR; tax; central bank; value; unit value; advance tax payment; retail price; tax proceeds; net statement; Comorian ports establishment; Imports; Exports; Agricultural commodities; Tariffs; Africa; government financial operations; IMF UR; summary statement; cost structure
Cover IMF Staff Country Reports
Union of the Comoros: Second Review Under the Staff-Monitored Program
International Monetary Fund
This paper on the Second Review Under the Staff-Monitored Program for the Union of the Comoros reports that the external current account is expected to worsen with the sharp deterioration of the trade deficit. General economic conditions have remained lackluster in 2005, hampered by the sharp deterioration in terms of trade, as vanilla prices have remained depressed and oil import costs have more than doubled. Monetary policy has remained prudent and inflation subdued.
Keywords:
ISCR; CR; government; net; Comorian authorities; U.S. dollar; Island government; government financial operations; net credit; reform program; Arrears; Foreign assets; Current spending; Global
Cover IMF Staff Country Reports
Union of the Comoros: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper analyzes the decentralization of government in the Union of the Comoros and its economic management functions foreseen under the constitution. The paper examines the special challenge of combining a civil service reform needed to increase the efficiency of the civil service with the decentralization of the civil service foreseen under the new constitution. It discusses developments in a number of civil service indicators that are often used to analyze the government wage bill and employment in relation to economic and fiscal objectives.
Keywords:
ISCR; CR; government; island government; trade regimes of the Comoros; constitution; Comorian authorities; Union government; management structures; wage bill; Civil service; Civil service reform; Exports; Tariffs; Imports; Africa; Sub-Saharan Africa
Cover IMF Staff Country Reports
Comoros: Recent Economic Developments
International Monetary Fund
This paper reviews economic developments in the Comoros during 1992–95. The economic performance of the Comoros during 1991–94 was characterized by real growth of about 1.6 percent a year on average, large financial imbalances, an eroding export base, and the accumulation of large domestic and external payments arrears. The poor economic performance was particularly noticeable during 1994–95 when real GDP, which grew by about 3 percent during 1991–93, declined by about 2 percent a year, as a result of a negative terms-of-trade shock, and increased political uncertainty.
Keywords:
ISCR; CR; deficit; narrow money; payments arrears; rice import; credit growth; structural adjustment
Cover IMF Staff Country Reports
Union of the Comoros: Third Staff Review and Extension of the Staff-Monitored Program
International Monetary Fund
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.
Keywords:
ISCR; CR; government; Comorian authorities; financial support; net; revenue; government financial operations; economic statistics; government's focus; fiscal measure; state's ability; authorities' letter; reform program; near-term structural agenda; authorities estimate; consolidated government; Arrears; Budget planning and preparation; Imports; Global
Cover IMF Staff Country Reports
Comoros: Recent Economic Developments
International Monetary Fund
This recent economic developments report (RED) provides background information on economic developments in the Comoros during 1997–2000. Revenue and domestic expenditure developments resulted in small overall domestic deficits over much of the period, equivalent of 0.4 percent of GDP in 1998 and declining to 0.2 percent of GDP in both 1999 and 2000. With no source of financing, domestic or external, the Anjouan authorities accumulated substantial wage arrears, estimated at about 15 months at end-2000, as well as suppliers arrears.
Keywords:
ISCR; CR; Anjouan; government; Mohéli; tariff regime; rate; debt service; exchange rate; economic growth; estimates value; Anjouan authority; central bank; U.S. dollar; poverty line; trading partner; primary sector; debt-service arrears; Arrears; Imports; Exports; Africa; Southern Africa; East Africa