Publication:
Union of the Comoros : Debt Management Performance Assessment

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-01-30T15:22:04Z
dc.date.available2014-01-30T15:22:04Z
dc.date.issued2011-06
dc.description.abstractThis study shows that performance in terms of debt management has been weakened by recurrent political and institutional crises experienced by the country in recent years and has had a negative impact on the State's ability to both mobilize external financing and to honor its financial commitments. The accumulation of external arrears has increased by extension of the depletion sources of funding. However, the government recently initiated numerous actions contributing to a more serene climate at home with the establishment of democratic governance, developing a program of poverty reduction and regularization of arrears. This more favorable environment will soon pave the way for more substantial outside funding, especially following the accession of the Comoros to the enhanced Heavily Indebted Poor Countries (HIPC), and therefore requires the full attention of the authorities to implement better management of public debt. This evaluation is part of this perspective. Overall, performance in terms of debt management in the Comoros is satisfactory in all three of the following areas: (i) coordination with fiscal policy, including the integration of forecasts and actual payment of debt service in the preparation and monitoring of budget, (ii) coordination with monetary policy focused on the management of statutory advances granted by the Central Bank of Comoros (BCC), and (iii) procedures for payment of service external debt.en
dc.description.abstractLa performance en matière de gestion de la dette a été affaiblie par la récurrence des crises politiques et institutionnelles qu’a connues le pays au cours des dernières années et qui a eu un impact négatif sur la capacité de l’État à la fois à mobiliser des financements extérieurs et à honorer ses engagements financiers. L’accumulation d’arriérés de paiements extérieurs a accentué par ricochet le tarissement des sources de financements. Cependant, le gouvernement a récemment amorcé de nombreuses actions contribuant à un climat domestique plus serein avec la mise en place d’une gouvernance démocratique, l’élaboration d’un programme de réduction de la pauvreté et la régularisation des arriérés de paiements. Cet environnement plus propice devrait prochainement ouvrir la voie à de plus importants financements extérieurs, en particulier suite à l’adhésion des Comores à l’Initiative renforcée en faveur des pays pauvres très endettés (Initiative PPTE), et donc requiert toute l’attention des autorités à mettre en place une meilleure gestion de la dette publique. Cette évaluation s’inscrit dans cette perspective. Globalement, la performance en matière de gestion de la dette aux Comores est satisfaisante dans les trois domaines suivants : (i) la coordination avec la politique budgétaire, notamment l’intégration des prévisions et réalisations du paiement du service de la dette publique dans la préparation et le suivi du budget ; (ii) la coordination avec la politique monétaire centrée sur la gestion des avances statutaires octroyée par la Banque Centrale des Comores (BCC); et (iii) la procédure visant le paiement du service de la dette extérieure. Le rapport présente les éléments du cadre économique et institutionnel des Comores qui sont indispensables à une meilleure compréhension de la situation de la gestion de la dette; développe les aspects méthodologiques de l’outil d’évaluation; expose l’évaluation détaillée de chaque dimension, et enfin il formule des conclusions.fr
dc.identifierhttp://documents.worldbank.org/curated/en/2011/06/18754496/comoros-debt-management-performance-assessment-dempa
dc.identifier.doi10.1596/16714
dc.identifier.urihttps://hdl.handle.net/10986/16714
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, Dc
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCOUNTANT
dc.subjectACCOUNTING
dc.subjectALLOCATION OF FUNDS
dc.subjectARREARS
dc.subjectARREARS ACCUMULATION
dc.subjectAUDIT COMMISSION
dc.subjectBANK ACCOUNTS
dc.subjectBENEFICIARY
dc.subjectBID
dc.subjectBORROWING CAPACITY
dc.subjectBORROWING PLAN
dc.subjectBORROWING PLANS
dc.subjectBORROWING STRATEGY
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET LAW
dc.subjectCAPACITY BUILDING
dc.subjectCAPACITY-BUILDING
dc.subjectCASH BALANCE
dc.subjectCASH BALANCES
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL GOVERNMENT
dc.subjectCENTRAL GOVERNMENT DEBT
dc.subjectCHECKS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRACTUAL OBLIGATIONS
dc.subjectCREDIT FACILITY
dc.subjectCREDIT RISK
dc.subjectCREDIT RISKS
dc.subjectCREDITORS
dc.subjectCS
dc.subjectCURRENCY
dc.subjectCURRENCY COMPOSITION
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNTS
dc.subjectDEBT DATA
dc.subjectDEBT DATABASE
dc.subjectDEBT LEVELS
dc.subjectDEBT MANAGEMENT POLICY
dc.subjectDEBT PAYMENTS
dc.subjectDEBT POLICY
dc.subjectDEBT RELIEF
dc.subjectDEBT RESTRUCTURING
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE PAYMENT
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDEBT SERVICING
dc.subjectDEBT STOCK
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEBT TRANSACTIONS
dc.subjectDEBTS
dc.subjectDEFICITS
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDERIVATIVES
dc.subjectDEVELOPMENT BANK
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectDOMESTIC ARREARS
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC FINANCIAL MARKET
dc.subjectDOMESTIC MARKET
dc.subjectEARNINGS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEMPLOYEE
dc.subjectEQUAL AMOUNTS
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL BORROWING
dc.subjectEXTERNAL BORROWINGS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCE MINISTRY
dc.subjectFINANCES
dc.subjectFINANCIAL ACCOUNTABILITY
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL OBLIGATION
dc.subjectFINANCIAL OBLIGATIONS
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL REFORM
dc.subjectFINANCIAL REFORMS
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCING NEEDS
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFIXED EXCHANGE RATE
dc.subjectFLOATING RATE
dc.subjectFLOW OF FUNDS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN MARKETS
dc.subjectFORM OF CREDIT
dc.subjectFUTURE LOAN
dc.subjectGOVERNMENT BANK
dc.subjectGOVERNMENT BORROWINGS
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT GUARANTEE
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SECURITIES
dc.subjectGRACE PERIOD
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGUARANTEE FEE
dc.subjectGUARANTOR
dc.subjectHIGH INTEREST RATES
dc.subjectHOUSEHOLD INCOME
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RESOURCE
dc.subjectINFLATION
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMATION SHARING
dc.subjectINSTALLMENTS
dc.subjectINSTITUTIONAL CAPACITIES
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSTITUTIONAL SUPPORT
dc.subjectINSTRUMENT
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNATIONAL DEBT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL STANDARDS
dc.subjectISSUANCE
dc.subjectISSUANCE OF GOVERNMENT SECURITIES
dc.subjectISSUANCE OF GUARANTEES
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROVISIONS
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectLENDER
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN AGREEMENT
dc.subjectLOAN AGREEMENTS
dc.subjectLOAN AMOUNT
dc.subjectLOAN AMOUNTS
dc.subjectLOAN CONTRACT
dc.subjectLOAN GUARANTEE
dc.subjectLOAN GUARANTEES
dc.subjectLOCAL BANKS
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMARKET BORROWING
dc.subjectMATURITY
dc.subjectMATURITY DATE
dc.subjectMATURITY DATES
dc.subjectMATURITY PERIOD
dc.subjectMAXIMUM MATURITY
dc.subjectMICRO FINANCE
dc.subjectMINISTRY OF ECONOMY
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectNATIONAL BORROWING
dc.subjectNATIONAL BUDGET
dc.subjectNATIONAL DEBT
dc.subjectOIL PRICES
dc.subjectOUTSTANDING LOAN
dc.subjectOUTSTANDING LOAN AMOUNTS
dc.subjectOUTSTANDING LOANS
dc.subjectPAYMENT OF WAGES
dc.subjectPAYMENT ORDER
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPENSIONS
dc.subjectPERFORMANCE ASSESSMENT
dc.subjectPERFORMANCE INDICATOR
dc.subjectPLEDGES
dc.subjectPORTFOLIO
dc.subjectPOSTAL BANK
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY REDUCTION STRATEGY
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPUBLIC BORROWING
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR DEBT
dc.subjectRECEIPT
dc.subjectREGISTRY SYSTEM
dc.subjectREMITTANCES
dc.subjectRENEGOTIATION
dc.subjectREPAYMENT
dc.subjectREPAYMENT PERIOD
dc.subjectREPAYMENT SCHEDULES
dc.subjectREPAYMENTS
dc.subjectRESERVES
dc.subjectRISK ASSESSMENTS
dc.subjectRISK MANAGEMENT
dc.subjectSOURCE OF FUNDS
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectT-BILLS
dc.subjectT-BONDS
dc.subjectTAX
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL DEBT
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTREASURIES
dc.subjectTREASURY
dc.subjectTREATIES
dc.subjectUNION
dc.subjectUSE OF DERIVATIVES
dc.titleUnion of the Comoros : Debt Management Performance Assessmenten
dc.titleUnion des Comores : Outil d’évaluation de la performance en matière de gestion de la dette (DeMPA)fr
dc.title.alternativeComores - Outil d'evaluation de la performance en matiere de gestion de la dette(DeMPA)en
dc.title.alternativeComores - Outil d'evaluation de la performance en matiere de gestion de la dette(DeMPA)fr
dspace.entity.typePublication
okr.date.disclosure2014-01-06
okr.date.doiregistration2025-05-07T10:01:55.030174Z
okr.doctypeEconomic & Sector Work::General Economy, Macroeconomics and Growth Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/06/18754496/comoros-debt-management-performance-assessment-dempa
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid687351468233344177
okr.guid716791468026420409
okr.identifier.externaldocumentum000461832_20140106120341
okr.identifier.internaldocumentum18754496
okr.identifier.report70852
okr.language.supporteden
okr.language.supportedfr
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/01/06/000461832_20140106120341/Rendered/PDF/708520WP0P12530Box0382113B00PUBLIC0.pdfen
okr.pdfurlhttp://documents.worldbank.org/curated/en/716791468026420409/pdf/708520FRENCH0E0DeMPAComorosFinal0FR.pdffr
okr.region.administrativeAfrica
okr.region.countryComoros
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.topicInternational Economics and Trade::External Debt
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Expenditure Policy
okr.topicPublic Sector Development
okr.txturlhttp://documents.worldbank.org/curated/en/716791468026420409/text/708520FRENCH0E0DeMPAComorosFinal0FR.txtfr
okr.unitEconomic Policy & Debt Unit (PRMED)
okr.volume1 of 1
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