{
  "title": "Seychelles: Third Review under the Extended Arrangement, Request for Modification of Performance Criteria, Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, June 14, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/seychelles-third-review-under-the-extended-arrangement-request-for-modification-of-24926",
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  "summary": "Seychelles's economy has recovered strongly from the debt crisis and global recession, owing to high foreign direct investment and a rebound in tourism. Inflation remained near zero, and the country continued to rebuild its international reserves and reduce public debt.",
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    {
      "heading": "Economic recovery and macroeconomic outcomes",
      "content": "- Seychelles's economy has recovered strongly from the debt crisis and global recession, owing to high foreign direct investment and a rebound in tourism.\n- Inflation remained near zero.\n- The country continued to rebuild its international reserves and reduce public debt."
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    {
      "heading": "2011 program adjustments and shocks",
      "content": "- In 2011, the policy mix under the economic program supported by the Extended Fund Facility has been adjusted in response to global commodity price shocks and financial difficulties of Air Seychelles.\n- Structural reforms will focus on:\n  - strengthening the financial sector\n  - restructuring of state-owned financial institutions"
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Arrears, Central banks, External debt, International reserves, Monetary base, Money, Public debt\n- Keywords: Arrears, balance of payments crisis, cash infusion, CR, crisis, disbursement of SDR, economy, financial situation, Global, International reserves, ISCR, Monetary base, public finance, Seychelles economy\n\n---\n\n Content in this bundle\n\n- cr11134\n  - cr11134 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr11134 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 14, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455280568.002",
    "Seychelles's economy has recovered strongly from the debt crisis and global recession, owing to high foreign direct investment and a rebound in tourism.",
    "Inflation remained near zero.",
    "The country continued to rebuild its international reserves and reduce public debt.",
    "In 2011, the policy mix under the economic program supported by the Extended Fund Facility has been adjusted in response to global commodity price shocks and financial difficulties of Air Seychelles.",
    "Structural reforms will focus on:",
    "Subjects: Arrears, Central banks, External debt, International reserves, Monetary base, Money, Public debt",
    "Keywords: Arrears, balance of payments crisis, cash infusion, CR, crisis, disbursement of SDR, economy, financial situation, Global, International reserves, ISCR, Monetary base, public finance, Seychelles economy",
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