## 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](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)

## Other formats

- [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)
- [Structured JSON version](/en/publications/cr/issues/2017/12/22/seychelles-request-for-a-three-year-policy-coordination-instrument-and-ex-post-assessment-of-45514/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/12/22/seychelles-request-for-a-three-year-policy-coordination-instrument-and-ex-post-assessment-of-45514/bundle-manifest.json)

## Bibliographic details
- Published: December 22, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484335116.002

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### 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

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17401.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17401.pdf){rel="external" type="application/pdf"}

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_Source: 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_