Union of Comoros: Request for a Staff-Monitored Program-Press Release; and Staff Report
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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:
COVID-19 External debt Health International organization Monetary policy Public debt Public financial management (PFM) Revenue administration
Frequency:
regular
English
Publication Date:
October 29, 2021
ISBN/ISSN:
9781513598086/1934-7685
Stock No:
1COMEA2021001
Pages:
65
Please address any questions about this title to publications@imf.org