Union of Comoros: Request for a Staff-Monitored Program-Press Release; and Staff Report

Publication Date:

October 29, 2021

Electronic Access:

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Summary:

Comoros is a small, fragile island state (population: 850,000) with persistently low and shock-prone growth. The last Article IV Consultation (completed in early 2020) assessed Comoros’ fragility as arising from two vicious circles: economic fragility manifests in low fiscal revenue, insufficient government investment in human and physical capital, and pronounced vulnerability to shocks; while institutional fragility manifests in governance challenges, low government implementation capacity, and a weak judicial system. The circles feed into each other, undermining economic performance and stability. Overcoming fragility requires breaking both circles.

Series:

Country Report No. 2021/235

Subject:

Frequency:

regular

English

Publication Date:

October 29, 2021

ISBN/ISSN:

9781513598086/1934-7685

Stock No:

1COMEA2021001

Pages:

65

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