Seychelles: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles
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Summary:
This paper presents key findings of the Second Review for Seychelles under the Stand-By Arrangement. The program is on track, and macroeconomic stabilization has advanced rapidly. The authorities are implementing the program with determination and a high degree of ownership. All quantitative performance criteria at end-March 2009 were met. One of two structural benchmarks for end-April was missed, reflecting capacity constraints in issuing new bank capitalization norms, but was completed in late May.
Series:
Country Report No. 2009/208
Subject:
Arrears Central banks External debt Imports International reserves International trade Public debt
English
Publication Date:
July 15, 2009
ISBN/ISSN:
9781451836257/1934-7685
Stock No:
1SYCEA2009002
Pages:
73
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