Seychelles: Fifth Review Under the Extended Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Press Release on the completion of the Review.
September 6, 2012
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This paper is an account of Seychelles’ monetary efforts to establish its position in 2012. After the recovery in 2008, the country had solid growth through 2011. The important threat was external risks, which could lower tourist inflows, and piracy. Alternatively, the authorities were vigilant, and organized the state by strengthening state enterprises, introducing new reforms to eradicate obstacles to the private sector, and the increasing bills for monetary purposes. The Executive Board acknowledges that these policies enhanced a positive outlook for the country.
Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, Monetary base, Money, Public debt, Public enterprises
Keywords: consumer price inflation, CR, disbursement of SDR, Europe, Fiscal stance, foreign currency, implementation, inflation pressure, ISCR, Monetary base, public finance, tariff reform, utility tariff
Pages:
44
Volume:
2012
DOI:
Issue:
260
Series:
Country Report No. 2012/260
Stock No:
1SYCEA2012002
ISBN:
9781475510430
ISSN:
1934-7685
