Seychelles: Request for an Arrangement Under the Extended Fund Facility

July 3, 2014

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Format: Chicago

Seychelles: Request for an Arrangement Under the Extended Fund Facility, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This paper discusses Seychelles’ Request for an Arrangement Under the Extended Fund Facility (EFF). In the five years following the 2008 balance of payments and debt crisis, the authorities have successfully enacted a comprehensive program of reforms. Despite the success of the program, important risks and challenges remain. To face these challenges, the authorities have requested a successor EFF arrangement with the IMF. This program will help support their macroeconomic policies and protect reserve coverage over the extended period, while they carry out wide-ranging structural reforms necessary to support improvement in macroeconomic conditions, lock-in stabilization, and reduce the country’s vulnerabilities.

Subject: Balance of payments, Current account deficits, Economic sectors, External debt, Imports, Monetary base, Money, Public debt, Tourism

Keywords: Balance of payments pressure, CR, Current account deficits, Europe, Fiscal policy, Global, Government, ISCR, Monetary base, Monetary policy, Ownership of the program, Policy implementation capability, Real gross domestic product, SDR, Seychellois authorities, Tourism

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/186
Stock No:

1SYCEA2014002
ISBN:

9781498346979
ISSN:

1934-7685

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