Seychelles : Request for a Three-Year Policy Coordination Instrument and Ex-Post Assessment of Longer-Term Program Engagement-Press Release; Staff Report
Author/Editor:
International Monetary Fund. African Dept.
Publication Date:
December 22, 2017
Electronic Access:
Free Full Text (PDF file size is 2023 KB).Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Seychelles has made substantial progress toward external viability and fiscal sustainability since the 2008 crisis under three successive Fund arrangements. The public debt to GDP ratio has been reduced by almost two thirds during the period, while international reserves coverage has improved to around four months of prospective imports from less than one month at end-2008. However, additional efforts are still needed to secure the hard-won economic stability, in view of the country’s vulnerability to external shocks and challenges to maintain fiscal discipline over the next few years. The authorities recently requested a new Policy Coordination Instrument (PCI), as the last Extended Arrangement expired in early June and the country no longer needs Fund financial assistance.
Series:
Country Report No. 17/401
English
Publication Date:
December 22, 2017
ISBN/ISSN:
9781484335116/1934-7685
Stock No:
1SYCEA2017005
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
76
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.