Seychelles: First Review under the Policy Coordination Instrument and Request for Modification of Targets

Seychelles: First Review under the Policy Coordination Instrument and Request for Modification of Targets - Press Release; Staff Report

June 29, 2018

Preview Citation

Format: Chicago

Seychelles: First Review under the Policy Coordination Instrument and Request for Modification of Targets - Press Release; Staff Report, (USA: International Monetary Fund, 2018) accessed November 23, 2024

Summary

This paper discusses Seychelles’ First Review Under the Policy Coordination Instrument (PCI) and Request for Modification of Targets. All quantitative targets for end-December 2017, the program’s first review test date, were met. Although there are no structural reform targets due for the first review, the structural agenda for 2018 is proceeding in line with the program. Given the authorities’ strong program implementation and continued commitment to safeguarding macroeconomic stability, the IMF staff supports the authorities’ request for the completion of the first review under the PCI and the modification of the end-June 2018 and end-December 2018 quantitative targets for reserve money.

Subject: Current spending, Expenditure, Monetary base, Money, Public debt, Public investment and public-private partnerships (PPP), Revenue administration

Keywords: Caribbean, CR, Current spending, Debt, East Africa, Europe, Fiscal policy stance, GDP, ISCR, Marketing cost, Middle East, Monetary base, Monetary policy, Monetary policy tightening, Nominal exchange rate, Program implementation, Public investment and public-private partnerships (PPP), Rate, Southern Africa

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/196
Stock No:

1SYCEA2018001
ISBN:

9781484363898
ISSN:

1934-7685

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