Union of the Comoros: Second Review Under the Staff-Monitored Program

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 192

Publication date: May 2006

ISBN: 9781451809152

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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , government , net , Comorian authorities , U , S , dollar , Island government , government financial operations , net credit , reform program , Arrears , Foreign assets , Current spending , Global

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Republic of Congo : 2001 Article IV

Summary

This paper on the Second Review Under the Staff-Monitored Program for the Union of the Comoros reports that the external current account is expected to worsen with the sharp deterioration of the trade deficit. General economic conditions have remained lackluster in 2005, hampered by the sharp deterioration in terms of trade, as vanilla prices have remained depressed and oil import costs have more than doubled. Monetary policy has remained prudent and inflation subdued.