Seychelles: Third Review Under the Stand-By Arrangement, Financing Assurances Review, Cancellation of the Stand-By-Arrangement, and Request for an Extended Arrangement-Staff Report; Staff Statement, Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles
January 5, 2010
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This paper discusses key findings of the Third Review Under the Stand-By Arrangement for Seychelles. The program is on track, and macroeconomic stabilization has advanced rapidly. The authorities continue to implement the program with a high degree of ownership and success. All quantitative performance criteria (PC) and structural benchmarks at end-September 2009 were met. The structural reform effort is progressing well. Key progress has been made on public financial management, notably through the treasury single account. The 2010 budget features a much improved and complete presentation of government finance.
Subject: Arrears, Asset and liability management, Debt restructuring, External debt, Public debt, Public financial management (PFM)
Keywords: Arrears, CR, debt exchange offer, Debt restructuring, discount bond, East Africa, EFF arrangement, Global, goodwill cash payment, ISCR, par bond option
Pages:
90
Volume:
2010
DOI:
Issue:
003
Series:
Country Report No. 2010/003
Stock No:
1SYCEA2010001
ISBN:
9781451836264
ISSN:
1934-7685
