{
  "title": "Seychelles: First Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, December 12, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/12/12/seychelles-first-reviews-under-the-extended-arrangement-under-the-extended-fund-facility-542372",
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  "summary": "This paper presents Seychelles’ First Reviews under the Extended Arrangement under the Extended Fund Facility (EFF) and the Arrangement under the Resilience and Sustainability Facility (RSF).",
  "sections": [
    {
      "heading": "Program completion and financing",
      "content": "- The paper presents Seychelles’ First Reviews under the Extended Arrangement under the Extended Fund Facility (EFF) and the Arrangement under the Resilience and Sustainability Facility (RSF).\n- Completion of the reviews allows for an immediate disbursement of funds to:\n  - help strengthen macroeconomic stability;\n  - boost inclusive growth;\n  - strengthen fiscal and monetary policy frameworks;\n  - support efforts to build resilience to climate change;\n  - exploit synergies with other sources of official financing; and\n  - catalyze private financing for climate-related investments."
    },
    {
      "heading": "Macroeconomic performance and recovery",
      "content": "- Seychelles’ economic recovery continues in 2023, albeit at a more moderate pace than the sharp rebound observed in 2022.\n- Tourist arrivals in 2023 are moving closer to pre-pandemic levels.\n- The government has made significant progress in restoring macroeconomic balances.\n- Performance under the EFF and RSF programs is described as strong."
    },
    {
      "heading": "Key risks and policy priorities",
      "content": "- It remains critical for Seychelles to:\n  - stay the course with respect to reducing public debt;\n  - rebuild fiscal space; and\n  - increase foreign exchange buffers."
    },
    {
      "heading": "Thematic coverage (as classified)",
      "content": "- Central banks\n- Credit\n- Expenditure\n- External debt\n- International organization\n- International reserves\n- Monetary policy\n- Money\n- Public debt"
    },
    {
      "heading": "Keywords highlighted in the document",
      "content": "- Credit\n- Global\n- headline inflation\n- inflation indicator\n- inflation outlook\n- International reserves\n- RSF program\n- RSF reform measure\n\nSeychelles: First Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility — IMF Staff Country Report No. 2023/402; December 12, 2023.\n\n---\n\n Content in this bundle\n\n- 1sycea2023004\n  - 1sycea2023004 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1sycea2023004 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 12, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400262258.002",
    "The paper presents Seychelles’ First Reviews under the Extended Arrangement under the Extended Fund Facility (EFF) and the Arrangement under the Resilience and Sustainability Facility (RSF).",
    "Completion of the reviews allows for an immediate disbursement of funds to:",
    "Seychelles’ economic recovery continues in 2023, albeit at a more moderate pace than the sharp rebound observed in 2022.",
    "Tourist arrivals in 2023 are moving closer to pre-pandemic levels.",
    "The government has made significant progress in restoring macroeconomic balances.",
    "Performance under the EFF and RSF programs is described as strong.",
    "It remains critical for Seychelles to:",
    "Global",
    "headline inflation",
    "inflation indicator",
    "inflation outlook",
    "RSF program",
    "RSF reform measure",
    "**1sycea2023004**"
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