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

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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 December 22, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2012/030
Stock No:

1SYCEA2012001
ISBN:

9781463935801
ISSN:

1934-7685

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