Comoros: Recent Economic Developments

October 15, 1996

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Comoros: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 29, 2024

Summary

This paper describes economic developments in Comoros during the 1990s. The economic performance of Comoros during 1991–94 was characterized by real growth of about 1.6 percent a year on average, large financial imbalances, an eroding export base, and the accumulation of large domestic and external payments arrears. Public finances came under pressure as revenue performance deteriorated as a result of a narrow tax base, tax exemptions and evasion, and poor tax administration, exacerbated by rising current expenditures, which stemmed in particular from a growing wage bill.

Subject: Arrears, Capital spending, Credit, Expenditure, Exports, External debt, Imports, International trade

Keywords: Arrears, Capital spending, CR, Credit growth, Deficit, Exports, Gross domestic product, Import financing, Import monopoly, Imports, ISCR, Narrow money, Payments arrears, Real GDP, Structural adjustment, U.S. dollar, Vanilla export price, World price

Publication Details

Pages:

107
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/106
Stock No:

1COMEA0011996
ISBN:

9781451809008
ISSN:

1934-7685

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