Seychelles: Request for a Three-Year Policy Coordination Instrument and Ex-Post Assessment of Longer-Term Program Engagement-Press Release; Staff Report
December 22, 2017
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This paper discusses Seychelles’ Request for a Three-Year Policy Coordination Instrument (PCI) and Ex Post Assessment of Longer-Term Program Engagement. The PCI for Seychelles will build on the lessons from the previous programs supported by the IMF. It aims to support the authorities’ efforts to consolidate macroeconomic stabilization and foster sustained and inclusive growth. While the PCI involves no use of IMF resources, successful completion of program reviews would help signal Seychelles’ commitment to continued strong economic policies and structural reforms. Risks to the program are considered moderate given Seychelles’ impressive track record under the successive IMF arrangements. The IMF staff support the authorities’ request for a PCI.
Subject: Banking, Expenditure, Fiscal risks, Monetary base, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Public investment spending
Keywords: broad money, central bank, coverage ratio, CR, debt, exchange rate, executive board discussion, Fiscal risks, foreign currency, Global, ISCR, public debt to GDP ratio, Public investment and public-private partnerships (PPP), Public investment spending, right, transmission mechanism
Pages:
76
Volume:
2017
DOI:
Issue:
401
Series:
Country Report No. 2017/401
Stock No:
1SYCEA2017005
ISBN:
9781484335116
ISSN:
1934-7685
