Union of the Comoros: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Union of the Comoros

Author: International Monetary Fund. African Dept.

Despite continued headwinds, the Comorian economy’s performance slightly improved in 2017.

Volume/Issue: Volume 2018 Issue 189

Publication date: June 2018

ISBN: 9781484363768

$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	paperback else	pdf else	epub else	mobi else
English
French

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , ISCR , CR , GDP , reform effort , center , growth prospect , revenue , cash revenue collection , investment budget execution , support grant , infrastructure bottleneck , Arrears , Capital spending , Current spending , Middle East , Sub-Saharan Africa , Southern Africa , Caribbean , East Africa , Africa

Also of interest

Grenada

Peru

Nepal

Malawi

Summary

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 situation relative to 2016, increased exports, and stronger remittances flows. However, the economy was held back by a perceived deterioration in the business climate and tensions in the financial sector. Inflation remained moderate. The near-term outlook remains challenging in the absence of further reform efforts. The authorities’ reform agenda and investment plans, undertaken in the context of their revised strategic development plan will help raise potential growth rates going.