Union of the Comoros; Staff-Monitored Program

This paper reviews the Staff-Monitored Program (SMP) for the Union of the Comoros. The authoritiesâ€™ 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 countryâ€™s participation in the Franc zone. Agreement in principle was reached on a SMP covering 2005. The program would support the authoritiesâ€™ economic reforms and establish a track record of policy implementation that could lead to a Poverty Reduction and Growth Facility arrangement.

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Year of publication:	2005-03-07
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Staff-monitored programs \| external debt \| debt service \| central bank \| fiscal balance \| multilateral creditors \| current account \| public finances \| primary fiscal balance \| fiscal policy \| debt relief \| payment arrears \| foreign debt \| external financing \| fiscal cost \| primary current expenditure \| fiscal adjustment \| fiscal program \| external borrowing \| balance of payments \| external payments \| external payments arrears \| bilateral creditors \| current account deficit \| primary expenditure \| capital expenditure \| accumulation of arrears \| domestic debt \| external debt service \| government debt \| external resources \| debt management \| external payment \| public expenditure \| public debt \| bilateral debt \| tax policy \| government revenue \| debt data \| fiscal deficits \| debt reduction \| tax cuts \| current account balance \| external debt management \| bilateral donors \| government budget \| public finance \| fiscal performance \| tax revenue \| foreign loans \| external public debt \| government loan \| fiscal targets \| fiscal imbalances \| external shock \| national debt \| debt rescheduling \| fiscal affairs department \| fiscal policies \| fiscal administration \| fiscal affairs \| multilateral creditor \| budget deficit \| tax authorities \| fiscal discipline \| external debt data \| revenue collection \| debt-service \| fiscal data \| domestic financing \| tax credits \| tax collection \| tax revenues \| fiscal consolidation \| fiscal deficit \| external public debt operations \| public spending \| external loans \| external debts \| tax reforms \| spending cuts \| commercial bank loans \| fiscal transfer \| debt-service obligations \| fiscal management \| fiscal operations \| fiscal revenue \| repayments \| general resources account \| tax administration \| taxation

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/77 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591664