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

International Monetary Fund

No 2018/196, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; fiscal policy stance; monetary policy tightening; rate; monetary policy; debt; GDP; program implementation; marketing cost; nominal exchange rate; Monetary base; Public investment and public-private partnerships (PPP); Current spending; Middle East; Southern Africa; Caribbean; East Africa; Europe (search for similar items in EconPapers)
Pages: 56
Date: 2018-06-29
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