Seychelles: Selected Issues

International Monetary Fund

No 2008/366, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper for Seychelles argues that sound fiscal policies and smaller governments can be conducive to growth and help reduce a country’s economic vulnerability. Growth in Seychelles has been volatile and underperformed most small states from 1998 to 2005. Seychelles’s revenues, expenditures, and total public debt are higher after an improvement in 2003. Its fiscal balance has worsened and has been weaker in comparison with most small states for most of the period. Seychelles’s expenditure composition is most similar to that of low-growth small states.

Keywords: ISCR; CR; small state; growth average; government; FDI inflow; government default risk; tax concessions Seychelles; Seychelles authorities' strategy; growth strategy; Fiscal consolidation; Foreign direct investment; Tourism; Africa; Europe; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 25
Date: 2008-12-02
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