Seychelles: Staff Report for the Eight Review Under the Extended Arrangement

Publication Date: January 31, 2014
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Summary: This paper discusses Seychelles’ Eighth Review Under the Extended Arrangement. Economic growth and macroeconomic stability improved in 2013. A robust rise in tourism earnings supported growth, as well as a reduction in the current account deficit as a share of GDP. All performance criteria for end-June 2013, the program’s last test date, were met. All the third quarter indicative targets were also met. The measures in the structural benchmarks were all completed, although there were short delays compared with initial plans for technical reasons. IMF staff recommends completion of the eighth review under the Extended Arrangement.
Series: Country Report No. 14/25
Subject(s): Extended arrangement reviews | Economic growth | Tourism | Fiscal policy | Debt restructuring | Fiscal reforms | Monetary policy | Reserves accumulation | Economic indicators | Staff Reports | Press releases | Seychelles

Publication Date: January 31, 2014
ISBN/ISSN: 9781484399743/1934-7685 Format: Paper
Stock No: 1SYCEA2014001 Pages: 34
US$18.00 (Academic Rate:
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