Union of the Comoros : Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Waiver of a Performance Criterion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/371

IMF Staff Country Reports

Language:

English

Subjects (All):

Credit--Comoros.

Credit.

Finance, Public--Comoros.

Finance, Public.

Physical Description:

1 online resource (51 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This paper discusses the Union of the Comoros’ Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF) and Request for Waiver of a Performance Criterion. Performance under the ECF-supported program through end-June was broadly satisfactory. All but one of the performance criteria and all indicative targets for end-June were met. Most structural benchmarks were also met. The authorities are requesting a waiver for the nonobservance of the performance criterion on net credit to the government at end-June 2013. The IMF staff supports this request and recommends completion of the sixth and final review under the ECF arrangement.

Contents:

Cover; CONTENTS; BACKGROUND AND RECENT DEVELOPMENTS; A. Background; B. Program Performance; POLICY DISCUSSIONS; A. Macroeconomic Outlook and Risks; B. Fiscal Policy and Issues; C. Monetary and Financial Sector Outlook; BOX; 1. Financial Sector Profile; FIGURES; 1. Financial Sector Profile; D. Structural Reforms; E. Debt Sustainability Analysis and Risks to IMF Resources; F. Poverty Reduction Strategy; G. Staff Appraisal; 2. Key Parameters of the Comorian Economy; TABLES; 1. Selected Economics and Financial Indicators, 2011-18; 2A. Consolidated Government Financial Operations, 2011-18

2B. Consolidated Government Financial Operations, 2011-182C. Consolidated Government Financial Operations, 2011-13; 3. Monetary Survey, 2011-18; 4. Balance of Payments, 2011-18; 5. Education and Health Expenditure, 2009-13; 6. Indicators of Capacity to Repay the Fund, 2009-2023; 7. Availability Dates of Proposed ECF Disbursements and Reviews, 2009-13; APPENDIXES; 1. Letter of Intent; 2. Debt Sustainability Analysis; 3. Third Annual Progress Report on the Poverty Reduction and Growth Strategy

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed February 6, 2014).

ISBN:

9781475542691

1475542690

9781484320525

1484320522

9781484320693

1484320697