{
  "title": "Seychelles: 2017 Article IV Consultation and Sixth Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Seychelles",
  "publication": "IMF Staff Country Reports, June 20, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/06/20/seychelles-2017-article-iv-consultation-and-sixth-review-under-the-extended-arrangement-44995",
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  "summary": "This 2017 Article IV Consultation highlights Seychelles’ continued strong macroeconomic performance in 2016. Economic growth reached 4.5 percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector.",
  "publishDate": "2017-06-20",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic performance (2016)",
      "content": "- Economic growth reached 4.5 percent.\n- Growth drivers identified: increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector.\n- Gross international reserves at the end of 2016 reached four months of prospective imports of goods and services."
    },
    {
      "heading": "Inflation and exchange rate",
      "content": "- Inflation (year over year) was negative throughout early 2017.\n- The report cites a stable exchange rate and low commodity prices as contributors to the disinflationary environment."
    },
    {
      "heading": "External accounts and outlook",
      "content": "- The external current account deficit remained largely unchanged in 2016.\n- With continued foreign investment and rising arrivals in the tourism sector, the growth outlook for 2017 remains positive."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: June 20, 2017\n- Pages: 61\n- Series: Country Report No. 2017/160\n- Issue: 160\n- Volume: 2017\n- DOI: https://doi.org/10.5089/9781484304785.002\n- Stock No: 1SYCEA2017002\n- ISBN: 9781484304785\n- ISSN: 1934-7685\n- Subjects listed: Asset and liability management, Climate change, Debt reduction, Environment, Expenditure, Public debt, Public financial management (PFM)\n\nInternational Monetary Fund. Seychelles: 2017 Article IV Consultation and Sixth Review Under the Extended Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Seychelles (June 20, 2017).\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/2017/06/20/seychelles-2017-article-iv-consultation-and-sixth-review-under-the-extended-arrangement-44995"
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    "Published: June 20, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484304785.002",
    "Economic growth reached 4.5 percent.",
    "Growth drivers identified: increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector.",
    "Gross international reserves at the end of 2016 reached four months of prospective imports of goods and services.",
    "Inflation (year over year) was negative throughout early 2017.",
    "The report cites a stable exchange rate and low commodity prices as contributors to the disinflationary environment.",
    "The external current account deficit remained largely unchanged in 2016.",
    "With continued foreign investment and rising arrivals in the tourism sector, the growth outlook for 2017 remains positive.",
    "Publication date: June 20, 2017",
    "Pages: 61",
    "Series: Country Report No. 2017/160",
    "Issue: 160",
    "Volume: 2017",
    "DOI: https://doi.org/10.5089/9781484304785.002",
    "Stock No: 1SYCEA2017002",
    "ISBN: 9781484304785",
    "ISSN: 1934-7685",
    "Subjects listed: Asset and liability management, Climate change, Debt reduction, Environment, Expenditure, Public debt, Public financial management (PFM)",
    "**Country Report**"
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