IMF-科摩罗联盟_根据扩大信贷安排进行的第四次审查和关于修改履约标准和豁免不遵守履约标准的请求新闻稿；员工报告；科摩罗联盟执行主任的发言（英）-2025.6_85页_1mb

报告摘要

IMF Country Report Analysis: Union of the Comoros

Overview

The Union of the Comoros completed its fourth review under the Extended Credit Facility (ECF) arrangement, with an SDR disbursement of 3.56 million (approximately 4.87 million USD) approved by the IMF Executive Board. The program remains mostly on track despite setbacks in 2024 linked to a lengthy political transition and external shocks. The review approved waivers for missed fiscal performance criteria and modifications to targets, reflecting corrective actions.

Key Outcomes

Economic Performance: GDP growth for 2024 was revised to 3.3%, with inflation averaging 5% (up to 7.3% in March 2025).
Fiscal Performance: Two of five QPCs were met. Corrective measures are implemented to address missed tax revenue and primary balance targets.
Structural Reforms: Progress was noted in customs administration, revenue mobilization, monetary policy, and public financial management.

Challenges and Risks

Inflation remains elevated due to food price pressures and supply shocks.
External vulnerabilities (droughts, climate events) threaten economic stability.
Fiscal compactness is constrained by low revenue and recurring arrears.

Areas for Continued Work

Deepening reforms in tax administration, public financial management, and SOE governance.
Strengthening debt management and resolving arrears to safeguard long-term fiscal sustainability.

The Union of the Comoros remains committed to reform, supported by ongoing engagement with the IMF and partners.

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