Union of the Comoros: First Review Under the Staff-Monitored Program and Request for Extension; and Staff Report

Author: International Monetary Fund. African Dept.

First Review Under the Staff-Monitored Program and Request for Extension; and Staff Report

Volume/Issue: Volume 2022 Issue 032

Publication date: February 2022

ISBN: 9798400200908

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , Comoros' Staff Monitored program , IMF team , SMP review , Comorian authorities , IMF's transparency policy , management of the International Monetary Fund , SMP objective , Arrears , Fiscal stance , Current spending , Sub-Saharan Africa

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Summary

Comoros is a small, fragile island state (population: 850,000) with persistently low and shock-prone growth and a high risk of external debt distress. Officially recorded COVID-related casualties have remained low (4,569 infections and 151 deaths so far). Growth projections remain at 1.6 percent in 2021 and 3.8 percent in 2022, supported in part by progress in vaccinations.