Seychelles: Interim Performance Update Under the Policy Coordination Instrument-Press Release; and Staff Report
September 3, 2020
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COVID-19 has had a severe economic impact on Seychelles through the implementation of strict domestic measures to contain the spread of the virus and the related global spillovers. The authorities have responded with measures to mitigate the economic fallout on businesses and households. To help address the urgent balance of payments need arising from the pandemic, the Executive Board approved on May 8, 2020 the authorities’ request for emergency financing under the Rapid Financing Instrument (RFI) of SDR 22.9 million, equivalent to 100 percent of quota (IMF Country Report No. 20/170).
Subject: COVID-19, Exchange rates, Fiscal consolidation, Fiscal policy, Fiscal stance, Foreign exchange, Health, Inflation, Monetary base, Prices, Public debt
Keywords: broad money, COVID-19, CR, exchange rate, Exchange rates, financing, financing assurance, Fiscal consolidation, Fiscal stance, Global, Inflation, ISCR, pandemic, saving measure, urgent balance of payments
Pages:
11
Volume:
2020
DOI:
Issue:
272
Series:
Country Report No. 2020/272
Stock No:
1SYCEA2020003
ISBN:
9781513556314
ISSN:
1934-7685
