{
  "title": "Seychelles: 2022 Article IV Consultation, Second Review Under the Extended Fund Facility Arrangement, and Request for Modification of Performance Criteria and Indicative Targets-Press Release; Staff Report; and Statement by the Executive Director for Seychelles",
  "publication": "IMF Staff Country Reports, July 26, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339",
  "overlayPath": "/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339/index.md",
  "summary": "This paper presents Seychelles’ 2022 Article IV Consultation, Second Review under the Extended Fund Facility Arrangement, and Request for Modification of Performance Criteria and Indicative Targets.",
  "sections": [
    {
      "heading": "Publication snapshot",
      "content": "- Publication date: July 26, 2022\n- Pages: 102\n- Volume: 2022\n- Issue: 249\n- Series: Country Report No. 2022/249\n- DOI: https://doi.org/10.5089/9798400216367.002\n- Stock No: 1SYCEA2022003\n- ISBN: 9798400216367\n- ISSN: 1934-7685\n- Subject tags: Economic sectors; Expenditure; International organization; Monetary policy; Money; National accounts; Public debt\n- Keywords: Africa; emergency expenditure; Global; government finance statistics manual; government operation; Monetary base; only authority; policy commitment; Policy recommendation; Seychellois authorities; Tourism"
    },
    {
      "heading": "Executive summary and recent performance",
      "content": "- Seychelles’ economic recovery in 2021 vastly outperformed projections, fueled by a faster-than-expected rebound of the tourism sector.\n- Monetary policy remains appropriately accommodative.\n- The authorities are committed to closely monitoring inflationary pressures.\n- The country remains vulnerable to climate change."
    },
    {
      "heading": "Fiscal and debt posture",
      "content": "- The authorities are committed to reducing debt vulnerabilities and creating fiscal space to address future risks."
    },
    {
      "heading": "Structural reform agenda",
      "content": "- The structural reform agenda will continue to focus on:\n  - revenue administration,\n  - public financial management,\n  - governance, including digitalization,\n  - state-owned-enterprise reform,\n  - climate change adaptation and mitigation policies."
    },
    {
      "heading": "Policy stance and commitments",
      "content": "- Monetary policy: appropriately accommodative with close monitoring of inflationary pressures.\n- Fiscal policy: emphasis on reducing debt vulnerabilities and creating fiscal space for future risks.\n- Structural reforms prioritized to strengthen revenue mobilization, public financial management, governance, and climate resilience.\n\nInternational Monetary Fund. Seychelles: 2022 Article IV Consultation, Second Review Under the Extended Fund Facility Arrangement, and Request for Modification of Performance Criteria and Indicative Targets - Press Release; Staff Report; and Statement by the Executive Director for Seychelles (July 26, 2022).\n\n---\n\n Content in this bundle\n\n- 1sycea2022003\n  - 1sycea2022003 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1sycea2022003 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339/bundle-manifest.json)",
    "Published: July 26, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400216367.002",
    "Publication date: July 26, 2022",
    "Pages: 102",
    "Volume: 2022",
    "Issue: 249",
    "Series: Country Report No. 2022/249",
    "DOI: https://doi.org/10.5089/9798400216367.002",
    "Stock No: 1SYCEA2022003",
    "ISBN: 9798400216367",
    "ISSN: 1934-7685",
    "Subject tags: Economic sectors; Expenditure; International organization; Monetary policy; Money; National accounts; Public debt",
    "Keywords: Africa; emergency expenditure; Global; government finance statistics manual; government operation; Monetary base; only authority; policy commitment; Policy recommendation; Seychellois authorities; Tourism",
    "Seychelles’ economic recovery in 2021 vastly outperformed projections, fueled by a faster-than-expected rebound of the tourism sector.",
    "The authorities are committed to closely monitoring inflationary pressures.",
    "The country remains vulnerable to climate change.",
    "The authorities are committed to reducing debt vulnerabilities and creating fiscal space to address future risks.",
    "The structural reform agenda will continue to focus on:",
    "Fiscal policy: emphasis on reducing debt vulnerabilities and creating fiscal space for future risks.",
    "Structural reforms prioritized to strengthen revenue mobilization, public financial management, governance, and climate resilience.",
    "**1sycea2022003**"
  ],
  "related": [
    {
      "title": "1sycea2022003",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2022/english/1sycea2022003.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2022/english/1sycea2022003.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2022/english/1sycea2022003.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339/index.md",
    "json": "/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339/index.json",
    "bundleManifest": "/en/publications/cr/issues/2022/07/26/seychelles-2022-article-iv-consultation-second-revie-under-the-extended-fund-facility-521339/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T11:14:37.279Z"
}