Seychelles: Fourth and Fifth Reviews Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Seychelles
February 21, 2017
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This paper discusses Seychelles’ Fourth and Fifth Reviews under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria. All performance criteria as of December 31, 2015, and June 30, 2016, were met, and the macroeconomic program remains broadly on track for the second half of the year. The structural agenda is proceeding, albeit with some technical delays. The IMF staff welcomes the authorities’ commitment to the goal of a steady reduction in public debt over the medium term reflected in the draft 2017 budget.
Subject: Banking, Credit, External debt, Monetary base, Money, Public debt, Revenue administration
Keywords: CR, Credit, debt service payment, Global, ISCR, Monetary base, program performance criteria, reserve money target, SONA, SONA initiative, US$, year-on-year inflation
Pages:
65
Volume:
2017
DOI:
Issue:
051
Series:
Country Report No. 2017/051
Stock No:
1SYCEA2017001
ISBN:
9781475579079
ISSN:
1934-7685
