Seychelles: 2017 Article IV Consultation and Sixth Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Seychelles

June 20, 2017

Preview Citation

Format: Chicago

Seychelles: 2017 Article IV Consultation and Sixth Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Seychelles, (USA: International Monetary Fund, 2017) accessed September 20, 2024

Summary

This 2017 Article IV Consultation highlights Seychelles’ continued strong macroeconomic performance in 2016. Economic growth reached 4.5 percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector. Helped by low commodity prices and a stable exchange rate, inflation (year over year) was negative throughout early 2017. The external current account deficit remained largely unchanged, while gross international reserves at the end of 2016 reached four months of prospective imports of goods and services. With continued foreign investment and rising arrivals in the tourism sector, the growth outlook for 2017 remains positive.

Subject: Asset and liability management, Climate change, Debt reduction, Environment, Expenditure, Public debt, Public financial management (PFM)

Keywords: Africa, Authority, Caribbean, Climate change, Country well, CR, Debt reduction, East Africa, Economy well, Executive Board's discussion, Floating exchange rate regime, Global, ISCR, Middle East, Seychelles economy

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/160
Stock No:

1SYCEA2017002
ISBN:

9781484304785
ISSN:

1934-7685

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