Seychelles : Fourth Review Under the Extended Arrangement, Request for Waiver of Applicability of Performance Criteria and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; Statement by the Executive Director for Seychelles

Author/Editor:

International Monetary Fund

Publication Date:

February 6, 2012

Electronic Access:

Free Full text (PDF file size is 936 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Seychelles’s fiscal stance for 2012 allows maintaining a steady course toward debt reduction. The authorities’ decisions to downsize the loss-making national airline and raise tariffs of public enterprises are crucial steps for easing fiscal pressures and ensuring sufficient capital expenditure, in particular in much-needed infrastructure projects. Price subsidies through the Stabilization Fund will be replaced with targeted transfers to low-income households. The structural reform agenda for 2012 builds on progress made to date, focusing on taxation, public finance management, public enterprises, and the financial sector.

Series:

Country Report No. 12/30

Subject:

English

Publication Date:

February 6, 2012

ISBN/ISSN:

9781463935801/1934-7685

Stock No:

1SYCEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

57

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