Executive Board
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on Seychelles:

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December 17, 2012
January 11, 2012
June 3, 2011
December 20, 2010
June 30, 2010

Article IV Staff Reports



Projected % Change
   2013  2014
Real GDP 3.2 3.9
Consumer Prices 4.6 3.3
Source: World Economic Outlook (April 2013)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Seychelles: Financial Position in the Fund

Transactions with the Fund

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Seychelles and the IMF
 Updated May 15, 2013

Show all items sorted by date | Annual Meetings Speeches (1) | Article IV Staff Reports (2) | Development Committee Statements (1) | IMF Survey Online (3) | IMFC Statements (8) | Joint Meeting of the IMFC and the Development Committee (1) | Letters of Intent (10) | Press Releases (32) | Public Information Notices (4) | Publications (16) | The Cross-Border Initiative in Eastern and Southern Africa (1) | Other (4) 
Annual Meetings Speeches
September 29, 1999 -- Statement by the Hon. Tantely Andrianarivo, Governor of the IMF for Madagascar, on behalf of the African Governors, at the Joint Annual Discussion
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Article IV Staff Reports
January 04, 2011 -- Seychelles: 2010 Article IV Consultation and Second Review Under the Extended Arrangement, Request for Rephasing of Disbursements, and Financing Assurances Review-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles
Series: Country Report No. 11/5
December 02, 2008 -- Seychelles: 2008 Article IV Consultation and Request for a Stand-By Arrangement - Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles
Series: Country Report No. 08/365
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Development Committee Statements
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia, to the Development Committee , April 30, 2001
On behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Samoa, Solomon Islands and Vanuatu.
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IMF Survey Online
February 03, 2011 -- IMF Survey: Caribbean Countries Have Several Ways to Enhance Prospects
Caribbean countries, saddled with high debt levels and badly affected by the global economic crisis, need to reduce debt and develop new sources of growth to enhance their prospects, according to participants at a regional conference convened to explore the Caribbean’s challenges and policy options.
November 10, 2010 -- IMF Survey: Economic Reforms Helped Seychelles Weather Two Crises
Economic reforms helped Seychelles weather both a severe debt crisis and the global financial crisis, an economic symposium in Victoria hears. Seychelles’ 2008 reform program included a decision to float the exchange rate, seen as the most critical move in the country’s policies to address the crises.
June 30, 2009 -- IMF Survey: Reforms, IMF Support Pull Seychelles Back From the Brink
Less than a year after experiencing economic crisis and introducing bold economic reforms, Seychelles is seeing the fruits of its efforts. A historic liberalization of its exchange regime and bold fiscal measures, together with tight monetary policy, have stabilized the economy.
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IMFC Statements
April 20, 2013 -- IMFC Statement by Oh-Seok Hyun, Deputy Prime Minister and Minister of Strategy and Finance, Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Tuvalu, Republic of Uzbekistan, Vanuatu, Samoa. PDF File Size: 169Kb
October 13, 2012 -- IMFC Statement by Wayne Swan, Deputy Prime Minister and Treasurer of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Tuvalu, Republic of Uzbekistan, Vanuatu, Samoa. PDF File Size: 478Kb
April 21, 2012 -- IMFC Statement by Mr. Wayne Swan, Deputy Prime Minister and Treasurer of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Tuvalu, Republic of Uzbekistan, Vanuatu, Samoa. PDF File Size: 298Kb
October 09, 2010 -- IMFC Statement by Jeung-Hyun Yoon, Minister of Strategy and Finance, Ministry of Strategy and Finance, Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 349Kb
April 24, 2010 -- IMFC Statement by Mr. Jeung-Hyun Yoon, Minister of Strategy and Finance, Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 353Kb
October 04, 2009 -- IMFC Statement by Jeung-Hyun Yoon, Minister of Strategy and Finance of Korea,Rep.of
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 396Kb
April 25, 2009 -- IMFC Statement by Mr. Kyung-Wook Hur,First Vice Minister, Ministry of Strategy and Finance, Korea on behalf of the Hon. Jeung-Hyun Yoon, Finance Minister of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 350Kb
October 11, 2008 -- IMFC Statement by Wayne Swan, Treasurer of the Commonwealth of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 353Kb
April 12, 2008 -- IMFC Statement by Hon. Wayne Swan, Treasurer of the Commonwealth of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 52Kb
April 14, 2007 -- IMFC Statement by the Honourable Peter Costello, Treasurer of the Commonwealth of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 40Kb
September 17, 2006 -- IMFC Statement by the Hon. Okyu Kwon, Deputy Prime Minister and Minister of Finance and Economy of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 303Kb
April 22, 2006 -- IMFC Statement by Honorable Tae-Shin Kwon, Vice Minister, Ministry of Finance and Economy, Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 217Kb
September 24, 2005 -- IMFC Statement by The Hon. Duck-Soo Han, Deputy Prime Minister and Minister of Finance and Economy of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 180Kb
April 16, 2005 -- IMFC Statement by The Hon. Duck-Soo Han Deputy Prime Minister and Minister of Finance and Economy of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 683Kb
October 02, 2004 -- Statement by The Hon. Peter Costello, Treasurer of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 96Kb
April 24, 2004 -- IMFC Statements Hon. Peter Costello, MP, Australian Treasurer
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 575Kb
September 21, 2003 -- Statement by The Hon. Peter Costello, M.P. Treasurer of Australia, to the International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003
On behalf of the constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of the), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
April 12, 2003 -- IMFC Statement by Senator the Hon. Ian Campbell, Parliamentary Secretary to the Treasurer of Australia, April 12, 2003
The International Monetary and Financial Committee statement on behalf of Australia, Kiribati, Korea, Marshall Islands, Micronesia, Mongolia, New Zealand, Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
September 28, 2002 -- Statement by The Hon. Peter Costello, M.P., Treasurer of Australia, to the International Monetary and Financial Committee, Washington, D.C., September 28, 2002
The International Monetary and Financial Committee statement on behalf of Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of the), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
April 20, 2002 -- IMFC Statement by Senator The Hon. Ian Campbell Parliamentary Secretary to the Treasurer of Australia, April 20, 2002
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Republic of Korea, Republic of Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
November 17, 2001 -- Statement by The Hon. Peter Costello, Treasurer of Australia to the International Monetary and Financial Committee, Ottawa, November 17, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Republic of Korea, Republic of Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia, to the International Monetary and Financial Committee, April 29, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
September 24, 2000 -- Statement by Senator the Hon. Rod Kemp Assistant Treasurer of Australia to the International Monetary and Financial Committee
April 16, 2000 -- Statement by Senator the Hon. Rod Kemp, Assistant Treasurer of Australia, to the International Monetary and Financial Committee, April 16, 2000
The International Monetary and Financial Committee member for the constituency consisting of Australia, Kiribati, Korea, Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands, and Vanuatu
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Joint Meeting of the IMFC and the Development Committee
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia - International Monetary and Financial Committee and Development Committee, April 29, 2001
On behalf of the World Bank constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Samoa, Solomon Islands and Vanuatu and the IMF constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, the Seychelles, Solomon Islands and Vanuatu.
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Letters of Intent
November 30, 2012 -- Seychelles -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 30, 2012
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May 22, 2012 -- Seychelles -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 22, 2012
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December 23, 2011 -- Seychelles -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, December 23, 2011
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May 18, 2011 -- Seychelles -- Letter of Intent, Supplementary Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 18, 2011
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December 03, 2010 -- Seychelles -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, December 03, 2010
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June 01, 2010 -- Seychelles -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 01, 2010
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December 03, 2009 -- Seychelles -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, December 03, 2009
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June 16, 2009 -- Seychelles -- Letter of Intent, Updated Memorandum of Economic and Financial Policies for 2009, Technical Memorandum of Understanding, June 16, 2009
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March 13, 2009 -- Seychelles -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 13, 2009
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October 31, 2008 -- Seychelles -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, October 31, 2008
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Other
March 20, 2013 -- New Mid-Term Evaluation Report on the Enhanced Data Dissemination Initiative Project
Subject: Statistics | Africa | National accounts | Monetary statistics | Government finance statistics | Balance of payments statistics | Data quality assessment framework | General Data Dissemination System | Special Data Dissemination Standard | Technical assistance
December 23, 2009 -- Seychelles - Assessment Letter for the International Community
Subject: Assessment letters | Seychelles | Fiscal policy | Fiscal reforms | Governance | Monetary policy | Debt restructuring | Relationships with Fund
November 25, 2009 -- Seychelles - Assessment Letter for the African Development Bank
Subject: Assessment letters | Seychelles | Economic recovery | Economic growth | Debt restructuring | Stand-by arrangements | African Development Bank
February 04, 2005 -- Preliminary Assessment of the Macroeconomic Impact of The Tsunami Disaster on Affected Countries, and of Associated Financing Needs
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Press Releases
May 08, 2013 -- New Press Release: IMF Executive Board Completes the Seventh Review Under the Extended Fund Facility (EFF) for Seychelles and Approves US$5.0 Million Disbursement
May 08, 2013 -- New Press Release: Special Data Dissemination Standard Workshop in Gaborone, Botswana
April 08, 2013 -- Press Release: Additional Funding to Boost Capacity Development in Southern Africa by IMF Regional Technical Assistance Center
April 05, 2013 -- Press Release: Southern African Central Bank and Finance Ministry Officials Discuss Macroprudential Approaches to Supervision of Financial Systems in the Region
March 05, 2013 -- Press Release: IMF Concludes 2013 Article IV and EFF Review Mission to Seychelles
December 17, 2012 -- Press Release: IMF Completes the Sixth Review Under the Extended Fund Facility (EFF) for Seychelles and Approves US$ 2.0 Million Disbursement and One-year Extension
October 29, 2012 -- Press Release: IMF Concludes EFF Review Mission to Seychelles
June 26, 2012 -- Press Release: Statement at the Conclusion of an IMF Staff Visit to Seychelles
June 07, 2012 -- Press Release: IMF Completes the Fifth Review Under the Extended Fund Facility (EFF) for Seychelles
March 12, 2012 -- Press Release: Statement at the Conclusion of an IMF Mission to Seychelles
January 12, 2012 -- Press Release: IMF Completes the Fourth Review and Financing Assurances Review under the Extended Arrangement for Seychelles
October 20, 2011 -- Press Release: IMF Mission Finds Seychelles’ Three-Year Economic Program on Track
June 27, 2011 -- Press Release: IMF Concludes Staff Visit to Seychelles
June 03, 2011 -- Press Release: IMF Completes the Third Review Under the Extended Arrangement for Seychelles
March 17, 2011 -- Press Release: IMF Mission Finds Seychelles’ Three-Year Economic Program on Track
December 21, 2010 -- Press Release: IMF Completes Second Review and Financing Assurances Review Under the Extended Arrangement for Seychelles and Approves US$2.7 Million Disbursement
October 28, 2010 -- Press Release: Statement at the Conclusion of a Staff Mission to Seychelles for the 2010 Article IV Consultation and Second Review Under the Extended Fund Facility
May 17, 2010 -- Press Release: IMF Mission Finds Seychelles’ New Three-Year Economic Program on Track
December 22, 2009 -- Press Release: IMF Executive Board Approves US$31.1 Million Extended Fund Facility Arrangement for Seychelles, Completes Final Review Under Stand-By Arrangement
November 02, 2009 -- Press Release: IMF Announces Staff Level Agreement with Seychelles on a 3-year Successor Arrangement Under the Extended Fund Facility
August 17, 2009 -- Press Release: IMF Sees Strong Progress in Seychelles Economic Program
June 30, 2009 -- Press Release: IMF Executive Board Completes the Second Review Under Seychelles' Stand-By Arrangement and Approves US$1.4 Million Disbursement
May 19, 2009 -- Press Release: IMF Staff Mission Sees Early Signs of Success in Seychelles Economic Program
March 31, 2009 -- Press Release: IMF Executive Board Completes First Review under Seychelles’ Stand-By Arrangement and Approves US$1.3 Million Disbursement
February 13, 2009 -- Press Release: Statement at the Conclusion of an IMF Mission to Seychelles
November 14, 2008 -- Press Release: IMF Executive Board Approves US$26 Million Stand-By Arrangement for Seychelles
October 31, 2008 -- Press Release: IMF Managing Director Strauss-Kahn Welcomes Seychelles Reform Program, Proposes to Support it with Stand-By Arrangement
September 19, 2008 -- Press Release: Statement at the Conclusion of an IMF Staff Mission to the Seychelles
February 01, 2008 -- Press Release: Statement at the Conclusion of the 2008 Article IV Staff Mission to Seychelles
December 18, 2006 -- Press Release: Seychelles Begins Participation in the IMF's General Data Dissemination System (GDDS)
November 21, 2006 -- Press Release: Statement by IMF Staff at the Conclusion of the 2006 Article IV Consultation Discussions with Seychelles