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Comoros --- Comores --- 908 <694> --- Désherbage --- Deselectie --- Comoros. --- Comoros Islands --- Trotsky, Leon, --- Comoros Islands. --- Al Qumur --- Comoras --- Comorerna --- Comoros Federal Islamic Republic --- État comorien --- Federal and Islamic Republic of the Comoros --- Federal Islamic Republic of the Comoros --- Federalʹnai︠a︡ islamskai︠a︡ respublika Komorskie ostrova --- Ittiḥad al Qamar --- Jamhūri̐yah al-Qamar al-Itihādi̐yah al-Islāmi̐yah --- Jumhuriyat al Qamar al Muttahidah --- Jumhūrīyat al Qumur al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Muttaḥidah --- Juzur al-Qamar --- Komori --- Komorit --- Komoro --- Las Comoras --- Republic of the Comoros --- République fédérale et islamique des Comores --- République fédérale islamique des Comores --- Udzima wa Komori --- Union des Comores --- Union of the Comoros --- コモロ --- جزر القمر --- Коморские Острова --- Komorskie Ostrova --- Comoro Islands --- 982 --- geografie Afrika --- géographie Afrique --- Commores (iles) --- Comores (archipel)

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This 2004 Article IV Consultation highlights that economic developments in the Union of the Comoros during 2003 were adversely affected by the difficult relationship between the Union and island governments. The related disputes regarding competencies and resources prevented the design and implementation of coherent economic policies, brought to a virtual standstill structural reforms, and undermined confidence at home and abroad, with adverse consequences for private investment and foreign aid. As a result, the Comoros real per capita income declined for the sixth year in a row.

Fiscal policy --- Monetary policy --- Finance --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Funding --- Funds --- Economics --- Currency question --- Tax policy --- Taxation --- Finance, Public --- Government policy --- Comoros --- Al Qumur --- Comoras --- Comorerna --- Comores --- Comoros Federal Islamic Republic --- État comorien --- Federal and Islamic Republic of the Comoros --- Federal Islamic Republic of the Comoros --- Federalʹnai︠a︡ islamskai︠a︡ respublika Komorskie ostrova --- Ittiḥad al Qamar --- Jamhūri̐yah al-Qamar al-Itihādi̐yah al-Islāmi̐yah --- Jumhuriyat al Qamar al Muttahidah --- Jumhūrīyat al Qumur al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Muttaḥidah --- Juzur al-Qamar --- Komori --- Komorit --- Komoro --- Las Comoras --- Republic of the Comoros --- République fédérale et islamique des Comores --- République fédérale islamique des Comores --- Udzima wa Komori --- Union des Comores --- Union of the Comoros --- コモロ --- جزر القمر --- Коморские Острова --- Komorskie Ostrova --- Comoro Islands --- Economic conditions. --- Economic policy. --- Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- International Lending and Debt Problems --- National Government Expenditures and Related Policies: General --- National Budget --- Budget Systems --- Fiscal Policy --- Trade: General --- International economics --- Public finance & taxation --- Budgeting & financial management --- Banking --- Expenditure --- External debt --- Arrears --- Budget planning and preparation --- Debt service --- Public financial management (PFM) --- Debts, External --- Expenditures, Public --- Budget --- Comoros, Union of the

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This paper on the Third Staff Review and Extension of the Staff-Monitored Program for the Union of the Comoros reports that important structural reforms have been implemented in the fiscal area, but progress is slow in other areas and institutional capacity remained low. The authorities’ macroeconomic program for 2006 focuses on securing the budgeted primary surplus of about 1 percent of GDP and avoiding new expenditure arrears. Tensions between the union and island governments have risen partly owing to a perceived weakening of coordination on fiscal policy.

Monetary policy --- Fiscal policy --- Finance --- Funding --- Funds --- Economics --- Currency question --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Government policy --- Comoros --- Al Qumur --- Comoras --- Comorerna --- Comores --- Comoros Federal Islamic Republic --- État comorien --- Federal and Islamic Republic of the Comoros --- Federal Islamic Republic of the Comoros --- Federalʹnai︠a︡ islamskai︠a︡ respublika Komorskie ostrova --- Ittiḥad al Qamar --- Jamhūri̐yah al-Qamar al-Itihādi̐yah al-Islāmi̐yah --- Jumhuriyat al Qamar al Muttahidah --- Jumhūrīyat al Qumur al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Muttaḥidah --- Juzur al-Qamar --- Komori --- Komorit --- Komoro --- Las Comoras --- Republic of the Comoros --- République fédérale et islamique des Comores --- République fédérale islamique des Comores --- Udzima wa Komori --- Union des Comores --- Union of the Comoros --- コモロ --- جزر القمر --- Коморские Острова --- Komorskie Ostrova --- Comoro Islands --- Economic policy. --- Budgeting --- Exports and Imports --- Public Finance --- International Lending and Debt Problems --- National Budget --- Budget Systems --- Trade: General --- National Government Expenditures and Related Policies: General --- International economics --- Budgeting & financial management --- Public finance & taxation --- External debt --- Arrears --- Budget planning and preparation --- Imports --- Expenditure --- Public financial management (PFM) --- International trade --- Debts, External --- Budget --- Expenditures, Public --- Comoros, Union of the

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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.

Comoros --- Al Qumur --- Comoras --- Comorerna --- Comores --- Comoros Federal Islamic Republic --- État comorien --- Federal and Islamic Republic of the Comoros --- Federal Islamic Republic of the Comoros --- Federalʹnai︠a︡ islamskai︠a︡ respublika Komorskie ostrova --- Ittiḥad al Qamar --- Jamhūri̐yah al-Qamar al-Itihādi̐yah al-Islāmi̐yah --- Jumhuriyat al Qamar al Muttahidah --- Jumhūrīyat al Qumur al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Muttaḥidah --- Juzur al-Qamar --- Komori --- Komorit --- Komoro --- Las Comoras --- Republic of the Comoros --- République fédérale et islamique des Comores --- République fédérale islamique des Comores --- Udzima wa Komori --- Union des Comores --- Union of the Comoros --- コモロ --- جزر القمر --- Коморские Острова --- Komorskie Ostrova --- Comoro Islands --- Politics and government. --- Economic policy. --- Economic conditions. --- Banks and Banking --- Exports and Imports --- Money and Monetary Policy --- Public Finance --- International Lending and Debt Problems --- National Government Expenditures and Related Policies: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- International Investment --- Long-term Capital Movements --- International economics --- Public finance & taxation --- Banking --- Monetary economics --- Arrears --- External debt --- Expenditure --- Credit --- Foreign assets --- External position --- Current spending --- Debts, External --- Expenditures, Public --- Banks and banking --- Investments, Foreign --- Comoros, Union of the

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Economic conditions in Comoros have yet to recover from the effects of persistent political instability and the recent global crises. Comoros’s overall reform performance in the last two years constitutes encouraging first steps. Performance under the 2008/09 Emergency Post-Conflict Assistance (EPCA)- and Extended Credit Facility (ECF)-supported programs has been broadly satisfactory. The government’s medium-term reform program, anchored in the Poverty Reduction Strategy Paper (PRSP), aims to invigorate economic growth and improve living conditions within a stable macroeconomic environment. Monetary and exchange rate developments will continue to be governed by the exchange rate peg under the Franc Zone arrangement.

Poverty --- International Monetary Fund --- Comoros --- Economic conditions. --- Economic policy. --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Internationaal monetair fonds --- International monetary fund --- Al Qumur --- Comoras --- Comorerna --- Comores --- Comoros Federal Islamic Republic --- État comorien --- Federal and Islamic Republic of the Comoros --- Federal Islamic Republic of the Comoros --- Federalʹnai︠a︡ islamskai︠a︡ respublika Komorskie ostrova --- Ittiḥad al Qamar --- Jamhūri̐yah al-Qamar al-Itihādi̐yah al-Islāmi̐yah --- Jumhuriyat al Qamar al Muttahidah --- Jumhūrīyat al Qumur al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Ittiḥādīyah al Islāmīyah --- Jumhūrīyat Juzur al Qamar al Muttaḥidah --- Juzur al-Qamar --- Komori --- Komorit --- Komoro --- Las Comoras --- Republic of the Comoros --- République fédérale et islamique des Comores --- République fédérale islamique des Comores --- Udzima wa Komori --- Union des Comores --- Union of the Comoros --- コモロ --- جزر القمر --- Коморские Острова --- Komorskie Ostrova --- Comoro Islands --- Exports and Imports --- Financial Risk Management --- Social Services and Welfare --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Government Policy --- Provision and Effects of Welfare Program --- International economics --- Finance --- Social welfare & social services --- Debt relief --- Arrears --- External debt --- Debt service --- Poverty reduction strategy --- Asset and liability management --- Debts, External --- Comoros, Union of the