Union of the Comoros: Staff-Monitored Program
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Summary:
This paper reviews the Staff-Monitored Program (SMP) for the Union of the Comoros. The authorities’ program for 2005 is focused on macroeconomic stabilization. This is predicated on a consolidated budget entailing a domestic fiscal adjustment slightly above 3 percent of GDP. Monetary policy will remain circumscribed by the country’s participation in the Franc zone. Agreement in principle was reached on a SMP covering 2005. The program would support the authorities’ economic reforms and establish a track record of policy implementation that could lead to a Poverty Reduction and Growth Facility arrangement.
Series:
Country Report No. 2005/077
Subject:
Arrears Banking Credit External debt Fiscal policy Fiscal stance Health Money
English
Publication Date:
March 7, 2005
ISBN/ISSN:
9781451809107/1934-7685
Stock No:
1COMEA2005001
Pages:
50
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