Comoros

Political instability and weak macroeconomic management have generated negative real per capita gross domestic product growth rates, contributing to widespread poverty and a worsening of social indicators. The challenge is to attain a higher rate of growth on a sustained basis and raise the living standards of the Comorian population. Measures to improve revenue mobilization and reduce nonpriority expenditures are required. Executive Directors commend the steps taken by the authorities to improve the prudential regulations and internal controls of the central bank of Comoros.Article IV consultations;Economic conditions;Staff Reports;Staff-monitored programs;expenditure, expenditures, external debt, central bank, balance of payments, current account, debt service, debt relief, total expenditure, domestic debt, capital expenditure, multilateral creditors, public expenditure, fiscal policy, foreign debt, capital expenditures, expenditure management, domestic financing, medium-term projections, external debt database, bilateral creditors, public finances, current account deficit, debt database, debt outstanding, debt sustainability analysis, external debt management, external debt service, external payments arrears, expenditure control, nonconcessional debt, public finance, debt management, debt sustainability, external payments, current account balance, public expenditure management, debt stock, external debt data, current account deficits, repayments, expenditure data, external financing, general resources account, debt rescheduling, debt data, total external debt, public expenditures