{
  "title": "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",
  "publication": "IMF Staff Country Reports, February 21, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/21/seychelles-fourth-and-fifth-reviews-under-the-extended-arrangement-and-request-for-44667",
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  "summary": "This paper discusses Seychelles’ Fourth and Fifth Reviews under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria.",
  "publishDate": "2017-02-21",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key Findings",
      "content": "- All performance criteria as of December 31, 2015, and June 30, 2016, were met.\n- The macroeconomic program remains broadly on track for the second half of the year.\n- The structural agenda is proceeding, albeit with some technical delays.\n- IMF staff welcome the authorities’ commitment to the goal of a steady reduction in public debt over the medium term, as reflected in the draft 2017 budget."
    },
    {
      "heading": "Policy Implications and Recommendations",
      "content": "- Continue implementation of the macroeconomic program to maintain momentum through the second half of the year.\n- Address technical delays in the structural reform agenda to ensure timely completion of reforms.\n- Prioritize measures in the 2017 budget that support a steady reduction in public debt over the medium term."
    },
    {
      "heading": "Subject Areas and Analytical Focus",
      "content": "- Banking\n- Credit\n- External debt\n- Monetary base\n- Money\n- Public debt\n- Revenue administration"
    },
    {
      "heading": "Keywords Highlighted in the Report",
      "content": "- CR\n- Credit\n- debt service payment\n- Global\n- ISCR\n- Monetary base\n- program performance criteria\n- reserve money target\n- SONA\n- SONA initiative\n- US$\n- year-on-year inflation\n\nInternational Monetary Fund. 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 (IMF Staff Country Reports 2017, 051).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/21/seychelles-fourth-and-fifth-reviews-under-the-extended-arrangement-and-request-for-44667"
    }
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  "bullets": [
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    "Published: February 21, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475579079.002",
    "All performance criteria as of December 31, 2015, and June 30, 2016, were met.",
    "The macroeconomic program remains broadly on track for the second half of the year.",
    "The structural agenda is proceeding, albeit with some technical delays.",
    "IMF staff welcome the authorities’ commitment to the goal of a steady reduction in public debt over the medium term, as reflected in the draft 2017 budget.",
    "Continue implementation of the macroeconomic program to maintain momentum through the second half of the year.",
    "Address technical delays in the structural reform agenda to ensure timely completion of reforms.",
    "Prioritize measures in the 2017 budget that support a steady reduction in public debt over the medium term.",
    "Banking",
    "Credit",
    "External debt",
    "Monetary base",
    "Money",
    "Public debt",
    "Revenue administration",
    "CR",
    "Credit",
    "debt service payment",
    "Global",
    "ISCR",
    "Monetary base",
    "program performance criteria",
    "reserve money target",
    "SONA",
    "SONA initiative",
    "US$",
    "year-on-year inflation",
    "**Country Report**"
  ],
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