## Seychelles: First Review under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Seychelles

_IMF Staff Country Reports, January 13, 2022_

## Source details

**Canonical URL:** [Seychelles: First Review under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Seychelles](https://www.imf.org/en/publications/cr/issues/2022/01/13/seychelles-first-review-under-the-extended-fund-facility-arrangement-press-release-staff-511920)

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## Bibliographic details
- Published: January 13, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616359058.002

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### Key findings
- The expected macroeconomic recovery has materialized.
- Seychelles remains a leader in vaccine coverage at home.
- The widespread availability of vaccines in Seychelles’ key tourist markets, particularly Europe, is contributing to a strong rebound in tourism.
- The economic outlook, while positive, remains subject to the uncertain evolution of the COVID-19 pandemic globally.

### Macroeconomic outlook and risks
- Strong rebound in tourism driven by vaccine availability in key source markets, notably Europe.
- Continued uncertainty and downside risk tied to the global evolution of the COVID-19 pandemic.

### Policy themes and analytical focus
- Subject areas: Commercial banks; Credit; Expenditure; Financial institutions; International organization; Loans; Monetary policy; Money; Public debt.
- Keywords preserved from the source: accommodative monetary policy stance; Commercial banks; Credit; Europe; financing gap; Global; government operation; inflation dynamics; Loans; monetary policy transmission mechanism.

### Publication and document specifics
- Publication title: Seychelles: First Review under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Seychelles
- Publication date: January 13, 2022
- Pages: 79
- Volume: 2022
- Issue: 006
- Series: Country Report No. 2022/006
- DOI: https://doi.org/10.5089/9781616359058.002
- Stock No: 1SYCEA2022001
- ISBN: 9781616359058
- ISSN: 1934-7685

*International Monetary Fund. African Dept. "Seychelles: First Review under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Seychelles", IMF Staff Country Reports 2022, 006 (2022).*

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_Source: https://www.imf.org/en/publications/cr/issues/2022/01/13/seychelles-first-review-under-the-extended-fund-facility-arrangement-press-release-staff-511920_