Seychelles: Request for a Three-Year Policy Coordination Instrument and Ex-Post Assessment of Longer-Term Program Engagement-Press Release; Staff Report

IMF Staff Country Reports, December 22, 2017

Source details

Canonical URL

Seychelles: Request for a Three-Year Policy Coordination Instrument and Ex-Post Assessment of Longer-Term Program Engagement-Press Release; Staff Report

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: December 22, 2017
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484335116.002

Paper purpose and program objectives

• 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.
• Aims:
  • To support the authorities’ efforts to consolidate macroeconomic stabilization.
  • To foster sustained and inclusive growth.
• 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.

Key findings and risk assessment

• Risks to the program are considered moderate given Seychelles’ impressive track record under the successive IMF arrangements.
• IMF staff support the authorities’ request for a PCI.

Policy implications and signaling

• The PCI is structured to leverage prior program lessons to reinforce macroeconomic stabilization and structural reforms.
• Completion of program reviews is intended as a signal of policy commitment rather than a disbursement mechanism (no use of IMF resources).

Subject coverage and keywords

• Subject areas:
  • 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

Content in this bundle

• Country Report
  • Country Report (Markdown version)
  • Country Report (PDF)