Seychelles: Request for An Arrangement Under the Extended Fund Facility-Staff Report; Press Release; and Statement by the Executive Director for Seychelles

Publication Date: July 03, 2014
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Summary: This paper discusses Seychelles’ Request for an Arrangement Under the Extended Fund Facility (EFF). In the five years following the 2008 balance of payments and debt crisis, the authorities have successfully enacted a comprehensive program of reforms. Despite the success of the program, important risks and challenges remain. To face these challenges, the authorities have requested a successor EFF arrangement with the IMF. This program will help support their macroeconomic policies and protect reserve coverage over the extended period, while they carry out wide-ranging structural reforms necessary to support improvement in macroeconomic conditions, lock-in stabilization, and reduce the country’s vulnerabilities.
Series: Country Report No. 14/186
Subject(s): Extended Fund Facility | Fiscal policy | Fiscal reforms | Financial sector | Monetary policy | Reserves adequacy | Exchange rate assessments | Economic indicators | Debt sustainability analysis | Extended arrangement requests | Staff Reports | Press releases | Seychelles

Publication Date: July 03, 2014
ISBN/ISSN: 9781498346979/1934-7685 Format: Paper
Stock No: 1SYCEA2014002 Pages: 75
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