Seychelles: Interim Performance Update Under the Policy Coordination Instrument-Press Release; and Staff Report

September 3, 2020

Preview Citation

Format: Chicago

Seychelles: Interim Performance Update Under the Policy Coordination Instrument-Press Release; and Staff Report, (USA: International Monetary Fund, 2020) accessed December 22, 2024

Summary

COVID-19 has had a severe economic impact on Seychelles through the implementation of strict domestic measures to contain the spread of the virus and the related global spillovers. The authorities have responded with measures to mitigate the economic fallout on businesses and households. To help address the urgent balance of payments need arising from the pandemic, the Executive Board approved on May 8, 2020 the authorities’ request for emergency financing under the Rapid Financing Instrument (RFI) of SDR 22.9 million, equivalent to 100 percent of quota (IMF Country Report No. 20/170).

Subject: COVID-19, Exchange rates, Fiscal consolidation, Fiscal policy, Fiscal stance, Foreign exchange, Health, Inflation, Monetary base, Prices, Public debt

Keywords: Broad money, COVID-19, CR, Exchange rate, Exchange rates, Financing, Financing assurance, Fiscal consolidation, Fiscal stance, Global, Inflation, ISCR, Pandemic, Saving measure, Urgent balance of payments

Publication Details

Pages:

11
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/272
Stock No:

1SYCEA2020003
ISBN:

9781513556314
ISSN:

1934-7685

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