Much research has focussed on the negative aspects of transport (emissions, noise, congestion and safety problems), particularly with respect to road traffic. The ECMT decided to organise a Round Table which would consider the transport sector differently, by looking at the benefits of different...

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...