Seychelles: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles

July 15, 2009

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Format: Chicago

Seychelles: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles, (USA: International Monetary Fund, 2009) accessed November 22, 2024

Summary

This paper presents key findings of the Second Review for Seychelles under the Stand-By Arrangement. The program is on track, and macroeconomic stabilization has advanced rapidly. The authorities are implementing the program with determination and a high degree of ownership. All quantitative performance criteria at end-March 2009 were met. One of two structural benchmarks for end-April was missed, reflecting capacity constraints in issuing new bank capitalization norms, but was completed in late May.

Subject: Arrears, Central banks, External debt, Imports, International reserves, International trade, Public debt

Keywords: Africa, Arrears, Authority, CR, East Africa, Executive board discussion, Floating exchange rate regime, Global, Government, Government ownership, Government priority, Imports, International reserves, ISCR, Seychellois authorities

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/208
Stock No:

1SYCEA2009002
ISBN:

9781451836257
ISSN:

1934-7685

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