{
  "title": "Seychelles: First Review under the Policy Coordination Instrument and Request for Modification of Targets - Press Release; Staff Report",
  "publication": "IMF Staff Country Reports, June 29, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/29/seychelles-first-review-under-the-policy-coordination-instrument-and-request-for-46028",
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  "summary": "This paper discusses Seychelles’ First Review Under the Policy Coordination Instrument (PCI) and Request for Modification of Targets. All quantitative targets for end-December 2017, the program’s first review test date, were met.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This paper discusses Seychelles’ First Review Under the Policy Coordination Instrument (PCI) and Request for Modification of Targets.\n- Publication date: June 29, 2018."
    },
    {
      "heading": "Key findings",
      "content": "- All quantitative targets for end-December 2017, the program’s first review test date, were met.\n- There are no structural reform targets due for the first review.\n- The structural agenda for 2018 is proceeding in line with the program."
    },
    {
      "heading": "Program implementation and quantitative targets",
      "content": "- Given the authorities’ strong program implementation and continued commitment to safeguarding macroeconomic stability, the IMF staff supports:\n  - the authorities’ request for the completion of the first review under the PCI, and\n  - the modification of the end-June 2018 and end-December 2018 quantitative targets for reserve money."
    },
    {
      "heading": "Policy areas and subject focus",
      "content": "- Subject areas: Current spending, Expenditure, Monetary base, Money, Public debt, Public investment and public-private partnerships (PPP), Revenue administration.\n- Keywords include: Caribbean, CR, Current spending, debt, East Africa, Europe, fiscal policy stance, GDP, ISCR, marketing cost, Middle East, Monetary base, monetary policy, monetary policy tightening, nominal exchange rate, program implementation, Public investment and public-private partnerships (PPP), rate, Southern Africa.\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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    "Published: June 29, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484363898.002",
    "This paper discusses Seychelles’ First Review Under the Policy Coordination Instrument (PCI) and Request for Modification of Targets.",
    "Publication date: June 29, 2018.",
    "All quantitative targets for end-December 2017, the program’s first review test date, were met.",
    "There are no structural reform targets due for the first review.",
    "The structural agenda for 2018 is proceeding in line with the program.",
    "Given the authorities’ strong program implementation and continued commitment to safeguarding macroeconomic stability, the IMF staff supports:",
    "Subject areas: Current spending, Expenditure, Monetary base, Money, Public debt, Public investment and public-private partnerships (PPP), Revenue administration.",
    "Keywords include: Caribbean, CR, Current spending, debt, East Africa, Europe, fiscal policy stance, GDP, ISCR, marketing cost, Middle East, Monetary base, monetary policy, monetary policy tightening, nominal exchange rate, program implementation, Public investment and public-private partnerships (PPP), rate, Southern Africa.",
    "**Country Report**"
  ],
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