Seychelles : Request for an Arrangement Under the Extended Fund Facility

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 3, 2014

Electronic Access:

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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:

English

Publication Date:

July 3, 2014

ISBN/ISSN:

9781498346979/1934-7685

Stock No:

1SYCEA2014002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

75

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