Seychelles: Fourth Review Under the Extended Arrangement, Request for Waiver of Applicability of Performance Criteria and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; Statement by the Executive Director for Seychelles

February 6, 2012

Preview Citation

Format: Chicago

Seychelles: Fourth Review Under the Extended Arrangement, Request for Waiver of Applicability of Performance Criteria and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; Statement by the Executive Director for Seychelles, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

Seychelles’s fiscal stance for 2012 allows maintaining a steady course toward debt reduction. The authorities’ decisions to downsize the loss-making national airline and raise tariffs of public enterprises are crucial steps for easing fiscal pressures and ensuring sufficient capital expenditure, in particular in much-needed infrastructure projects. Price subsidies through the Stabilization Fund will be replaced with targeted transfers to low-income households. The structural reform agenda for 2012 builds on progress made to date, focusing on taxation, public finance management, public enterprises, and the financial sector.

Subject: Arrears, External debt, Fuel prices, Monetary base, Money, Prices, Public debt

Keywords: Arrears, CBS governance, CR, Discussion of Seychelles, Europe, Exchange rate, Fuel prices, Global, Governance, ISCR, Monetary base, Policy platform, SDR, Seychelles economy, Seychellois authorities, Western Europe

Publication Details

Pages:

57
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2012/030
Stock No:

1SYCEA2012001
ISBN:

9781463935801
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports