Union of Comoros Request for a Staff-Monitored Program-Press Release; and Staff Report
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, insufficie...
| Corporate Author: | |
|---|---|
| Format: | eBook |
| Language: | French |
| Published: |
Washington, D.C.
International Monetary Fund
2021
|
| Series: | IMF Staff Country Reports
|
| Online Access: | |
| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| 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 |
|---|---|
| Physical Description: | 65 pages |
| ISBN: | 9781589068193 |