Seychelles: Third Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release; and Staff Report
IMF Staff Country Reports, January 14, 2016
Source details
- Canonical URL
- Seychelles: Third Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: January 14, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513524337.002
Summary findings
- All performance criteria (PCs) for end-June 2015, the program’s third test date, were met.
- Based on preliminary data, all the third-quarter indicative targets were also met.
- Growth for 2015 has been revised upward to slightly more than 4 percent.
- Presidential elections are taking place during December 3–5.
- The structural agenda is proceeding, albeit with some delays.
Program performance and macro-financial indicators
- End-June 2015: all PCs met.
- Third-quarter 2015: all indicative targets met (based on preliminary data).
- Growth: revised upward for 2015 to slightly more than 4 percent.
- Structural agenda: proceeding with some delays.
Policy recommendations and IMF staff advice
- IMF staff recommends completion of the third review under the Extended Arrangement.
- IMF staff recommends modification of the PCs for end-December 2015.
Subjects and keywords (as listed)
- Subjects: Banking, Central banks, Credit, Financial institutions, Government securities, International reserves, Monetary base, Money, Public debt
- Keywords: B. monetary policy, broad money, budget support, CBS data, CBS management, CR, Credit, debt target, disbursement of SDR, Global, Government securities, International reserves, ISCR, Monetary base, monetary policy stance, private sector credit growth slowing, SDR