{
  "title": "Seychelles: Request for a Three-Year Policy Coordination Instrument and Ex-Post Assessment of Longer-Term Program Engagement-Press Release; Staff Report",
  "publication": "IMF Staff Country Reports, December 22, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/12/22/seychelles-request-for-a-three-year-policy-coordination-instrument-and-ex-post-assessment-of-45514",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Paper purpose and program objectives",
      "content": "- Discusses Seychelles’ Request for a Three-Year Policy Coordination Instrument (PCI) and Ex Post Assessment of Longer-Term Program Engagement.\n- The PCI for Seychelles will build on the lessons from the previous programs supported by the IMF.\n- Aims:\n  - To support the authorities’ efforts to consolidate macroeconomic stabilization.\n  - To foster sustained and inclusive growth.\n- The PCI involves no use of IMF resources.\n- Successful completion of program reviews would help signal Seychelles’ commitment to continued strong economic policies and structural reforms."
    },
    {
      "heading": "Key findings and risk assessment",
      "content": "- Risks to the program are considered moderate given Seychelles’ impressive track record under the successive IMF arrangements.\n- IMF staff support the authorities’ request for a PCI."
    },
    {
      "heading": "Policy implications and signaling",
      "content": "- The PCI is structured to leverage prior program lessons to reinforce macroeconomic stabilization and structural reforms.\n- Completion of program reviews is intended as a signal of policy commitment rather than a disbursement mechanism (no use of IMF resources)."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject areas:\n  - Banking\n  - Expenditure\n  - Fiscal risks\n  - Monetary base\n  - Public debt\n  - Public financial management (PFM)\n  - Public investment and public-private partnerships (PPP)\n  - Public investment spending\n- Keywords:\n  - broad money\n  - central bank\n  - coverage ratio\n  - CR\n  - debt\n  - exchange rate\n  - executive board discussion\n  - Fiscal risks\n  - foreign currency\n  - Global\n  - ISCR\n  - public debt to GDP ratio\n  - Public investment and public-private partnerships (PPP)\n  - Public investment spending\n  - right\n  - transmission mechanism\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\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2017/12/22/seychelles-request-for-a-three-year-policy-coordination-instrument-and-ex-post-assessment-of-45514/index.md)",
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    "Published: December 22, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484335116.002",
    "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:",
    "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.",
    "IMF staff support the authorities’ request for a PCI.",
    "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 areas:",
    "Keywords:",
    "**Country Report**"
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