{
  "title": "Seychelles: Third Review Under the Extended Fund Facility Arrangement and Request for Modification of Indicative Targets-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, December 16, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/12/15/seychelles-third-review-under-the-extended-fund-facility-arrangement-and-request-for-527017",
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  "summary": "Tourism is driving a strong economic recovery in Seychelles. Real GDP growth is expected to accelerate to 10.6 percent in 2022, up from 7.9 percent in 2021. However, the recovery is uneven across sectors of the economy.",
  "sections": [
    {
      "heading": "Economic recovery driven by tourism",
      "content": "- Real GDP growth is expected to accelerate to 10.6 percent in 2022, up from 7.9 percent in 2021.\n- The recovery is uneven across sectors of the economy.\n- Tourism is driving a strong economic recovery in Seychelles."
    },
    {
      "heading": "Fiscal consolidation, policy buffers, and social protection",
      "content": "- The primary fiscal deficit in 2022 is expected to narrow to 1.1 percent of GDP.\n- This reflects an extraordinary consolidation of 13.6 percentage points over the last two years.\n- The authorities have begun to rebuild policy buffers and have taken measures to protect the poorest as the country transitions from the COVID-19 outbreak."
    },
    {
      "heading": "Debt dynamics and risks to sustainability",
      "content": "- Public debt-to-GDP ratio projected at around 68 percent at end-2022.\n- This registers a 21-percentage-point reduction in two years.\n- Risks to debt sustainability have been significantly reduced."
    },
    {
      "heading": "Publication and document identifiers",
      "content": "- Pages: 73\n- Volume: 2022\n- Issue: 374\n- Series: Country Report No. 2022/374\n- DOI: https://doi.org/10.5089/9798400226809.002\n- Stock No: 1SYCEA2022006\n- ISBN: 9798400226809\n- ISSN: 1934-7685\n- Publication date on landing page: December 16, 2022\n\nInternational Monetary Fund. Seychelles: Third Review Under the Extended Fund Facility Arrangement and Request for Modification of Indicative Targets-Press Release; and Staff Report.\n\n---\n\n Content in this bundle\n\n- 1sycea2022006\n  - 1sycea2022006 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1sycea2022006 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 16, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400226809.002",
    "Real GDP growth is expected to accelerate to 10.6 percent in 2022, up from 7.9 percent in 2021.",
    "The recovery is uneven across sectors of the economy.",
    "The primary fiscal deficit in 2022 is expected to narrow to 1.1 percent of GDP.",
    "This reflects an extraordinary consolidation of 13.6 percentage points over the last two years.",
    "The authorities have begun to rebuild policy buffers and have taken measures to protect the poorest as the country transitions from the COVID-19 outbreak.",
    "This registers a 21-percentage-point reduction in two years.",
    "Risks to debt sustainability have been significantly reduced.",
    "Pages: 73",
    "Volume: 2022",
    "Issue: 374",
    "Series: Country Report No. 2022/374",
    "DOI: https://doi.org/10.5089/9798400226809.002",
    "Stock No: 1SYCEA2022006",
    "ISBN: 9798400226809",
    "ISSN: 1934-7685",
    "Publication date on landing page: December 16, 2022",
    "**1sycea2022006**"
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