Seychelles: First Review Under the Extended Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Staff Supplement; and Press Release
Electronic Access:
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Summary:
The fiscal policy stance continues to be appropriate, facilitating a reduction in public debt. Seychelles has made a good start on its second stage of reforms under an Extended Fund Facility (EFF)-supported program, despite a difficult international environment, showing strong resilience to the double crisis it confronted. The economy is reaping the benefits of strong macroeconomic stabilization policies. Seychelles remains highly exposed to external shocks. Progress on the ambitious program of tax and public finance management reform is encouraging, but important steps still lie ahead.
Series:
Country Report No. 2010/204
Subject:
Central banks Economic sectors External debt International reserves Monetary base Money Public debt Public enterprises
English
Publication Date:
July 9, 2010
ISBN/ISSN:
9781455204588/1934-7685
Stock No:
1SYCEA2010002
Pages:
57
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