Seychelles: Extended Arrangement-Financing Assurances Review-Staff Report.
June 14, 2011
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The Executive Board approved a three-year Extended Fund Facility with Seychelles. This report briefly outlines performance under the program, including compliance with the end-December targets, before addressing the issue of financing assurances. Macroeconomic performance through end-2009 continued to be encouraging. Prudent fiscal and monetary policies have been key to the strong macroeconomic stabilization. A review of financing assurance has been outlined. Significant progress has also been achieved with remaining non-Paris Club official bilaterals and external commercial banks.
Subject: Arrears, Budget planning and preparation, Commercial banks, External debt, Financial institutions, Public debt, Public financial management (PFM)
Keywords: Arrears, Budget planning and preparation, Commercial banks, CR, debt, debt restructuring negotiations, Eurobond debt, financing, goodwill cash payment, Introduce budget submissions protocol, ISCR, payment arrears, program financing assumption, reserve money, SDR, US$
Pages:
6
Volume:
2011
DOI:
Issue:
133
Series:
Country Report No. 2011/133
Stock No:
1SYCEA2011002
ISBN:
9781455280551
ISSN:
1934-7685
