## 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, February 21, 2017_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2017/02/21/seychelles-fourth-and-fifth-reviews-under-the-extended-arrangement-and-request-for-44667)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/02/21/seychelles-fourth-and-fifth-reviews-under-the-extended-arrangement-and-request-for-44667/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/02/21/seychelles-fourth-and-fifth-reviews-under-the-extended-arrangement-and-request-for-44667/index.json)
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## Bibliographic details
- Published: February 21, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475579079.002

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### Key Findings
- 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.

### Policy Implications and Recommendations
- 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.

### Subject Areas and Analytical Focus
- Banking
- Credit
- External debt
- Monetary base
- Money
- Public debt
- Revenue administration

### Keywords Highlighted in the Report
- CR
- Credit
- debt service payment
- Global
- ISCR
- Monetary base
- program performance criteria
- reserve money target
- SONA
- SONA initiative
- US$
- year-on-year inflation

*International 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).*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1751.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1751.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/02/21/seychelles-fourth-and-fifth-reviews-under-the-extended-arrangement-and-request-for-44667_