IMF Staff Country Reports

Union of the Comoros: Fourth Review under the Extended Credit Facility Arrangement and Request for Modifications of Performance Criteria and Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Union of the Comoros

June 27, 2025

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. African Dept. "Union of the Comoros: Fourth Review under the Extended Credit Facility Arrangement and Request for Modifications of Performance Criteria and Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Union of the Comoros", IMF Staff Country Reports 2025, 154 (2025), accessed June 28, 2025, https://doi.org/10.5089/9798229016049.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

Legislative elections in January 2025 widened the ruling party’s majority. Economic activity softened during 2024, but with signs of year-end recovery that have continued in the first months of 2025. Real GDP growth in 2024 is estimated at 3.3 percent. Inflation has been persistent, averaging 5 percent in 2024, and reaching 7.3 percent (y/y) in March 2025, reflecting elevated food prices. Domestic credit growth accelerated to 9.6 percent (y/y) in March 2025, driven by a sustained increase in credit to the government and emerging recovery in private sector credit supported by renewed demand from importers and improving prospects for key exporters. Severe weather events, including Cyclone Chido in December, as well as turnover in revenue administration leadership weighed on fiscal performance. The external position, however, remains stable, with continued reserves accumulation equivalent to 7.4 months of prospective imports as at end-December 2024.

Subject: Arrears, Credit, Debt service, Expenditure, External debt, Fiscal law, Fiscal policy, Fiscal stance, Money, Public debt, Revenue administration

Keywords: Arrears, Credit, Debt service, Fiscal law, Fiscal stance, Government cash management, Imports

Publication Details

You May Also Be Interested In...

The Sequencing and speed of Reforms in Transition Economies: Implications for the Case of Uzbekistan

June 27, 2025

Uzbekistan and Public-Private Partnerships: Country Lessons, Republic of Uzbekistan

June 27, 2025

Digital Payment Innovations in Sub-Saharan Africa

June 27, 2025

Barbados: Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Alternate Executive Director

June 27, 2025