Seychelles: Fifth Review Under the Extended Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Press Release on the completion of the Review.

September 6, 2012

Preview Citation

Format: Chicago

Seychelles: Fifth Review Under the Extended Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Press Release on the completion of the Review., (USA: International Monetary Fund, 2012) accessed December 24, 2024

Summary

This paper is an account of Seychelles’ monetary efforts to establish its position in 2012. After the recovery in 2008, the country had solid growth through 2011. The important threat was external risks, which could lower tourist inflows, and piracy. Alternatively, the authorities were vigilant, and organized the state by strengthening state enterprises, introducing new reforms to eradicate obstacles to the private sector, and the increasing bills for monetary purposes. The Executive Board acknowledges that these policies enhanced a positive outlook for the country.

Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, Monetary base, Money, Public debt, Public enterprises

Keywords: Consumer price inflation, CR, Disbursement of SDR, Europe, Fiscal stance, Foreign currency, Implementation, Inflation pressure, ISCR, Monetary base, Public finance, Tariff reform, Utility tariff

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/260
Stock No:

1SYCEA2012002
ISBN:

9781475510430
ISSN:

1934-7685

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