IMF Staff Country Reports

Union of the Comoros: Selected Issues and Statistical Appendix

Publication Date:

February 10, 2009

Electronic Access:

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Summary:

The Selected Issues paper for the Union of the Comoros describes an assessment of the external competitiveness. Comoros has been hard hit by negative terms-of-trade shocks that have weakened the external position. A trend decline in the world price of vanilla, its main export, has occurred parallel to unprecedented increases in international food and petroleum prices. Although export growth has slackened, imports have steadily grown driven by a surge in remittances and a steady real appreciation of the euro-pegged national currency.

Series:

Country Report No. 2009/046

Subject:

Balance of payments Current account Current account deficits Foreign exchange Income National accounts Real effective exchange rates Real exchange rates