IMF Staff Country Reports

Union of the Comoros: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Waiver of a Performance Criterion

Publication Date:

December 20, 2013

Electronic Access:

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Summary:

This paper discusses the Union of the Comoros’ Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF) and Request for Waiver of a Performance Criterion. Performance under the ECF-supported program through end-June was broadly satisfactory. All but one of the performance criteria and all indicative targets for end-June were met. Most structural benchmarks were also met. The authorities are requesting a waiver for the nonobservance of the performance criterion on net credit to the government at end-June 2013. The IMF staff supports this request and recommends completion of the sixth and final review under the ECF arrangement.

Series:

Country Report No. 2013/371

Subject:

Arrears Banking Credit Debt service External debt Fiscal policy Fiscal stance Money