Seychelles: Staff Report for the Eight Review Under the Extended Arrangement

January 31, 2014

Preview Citation

Format: Chicago

Seychelles: Staff Report for the Eight Review Under the Extended Arrangement, (USA: International Monetary Fund, 2014) accessed November 12, 2024

Summary

On December 19, 2013, the Executive Board of the IMF completed the eighth and final review under the Extended Fund Facility (EFF) for Seychelles. The completion of the review enables a disbursement of SDR 3.3 million, which will bring total disbursements under the arrangement to SDR 26.4 million. Strong policies have fostered economic growth, brightening Seychelles’ near-term outlook. With the completion of this review, the EFF arrangement comes to an end. The program’s key objective of placing the economy firmly on the path to external and fiscal sustainability has been achieved, based on the successful implementation of the debt restructuring, robust fiscal consolidation, and the resumption of growth.

Subject: Asset and liability management, Banking, Economic sectors, Excess liquidity, External debt, Monetary base, Money, Public debt, Public enterprises

Keywords: Budget support, CR, Current Extended Fund Facility, EFF arrangement, Europe, Excess liquidity, Exchange rate, Global, ISCR, Monetary base, Monetary policy, Near-term outlook, Public enterprises, Reduction process, SDR, Seychelles authorities, Transmission mechanism

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/025
Stock No:

1SYCEA2014001
ISBN:

9781484399743
ISSN:

1934-7685

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