Union of the Comoros : Staff-Monitored Program

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Price:  $15.00

Release Date: © March, 2005
ISBN : 978-1-45180-910-7
Stock #: 1COMEA2005001
Stock Status: On back-order

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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.

More publications in this series: IMF Staff Country Reports