IMF Staff Country Reports

Seychelles: Extended Arrangement-Financing Assurances Review-Staff Report.

Publication Date:

June 14, 2011

Electronic Access:

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Summary:

The Executive Board approved a three-year Extended Fund Facility with Seychelles. This report briefly outlines performance under the program, including compliance with the end-December targets, before addressing the issue of financing assurances. Macroeconomic performance through end-2009 continued to be encouraging. Prudent fiscal and monetary policies have been key to the strong macroeconomic stabilization. A review of financing assurance has been outlined. Significant progress has also been achieved with remaining non-Paris Club official bilaterals and external commercial banks.

Series:

Country Report No. 2011/133

Subject:

Arrears Budget planning and preparation Commercial banks External debt Financial institutions Public debt Public financial management (PFM)