Seychelles: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles

International Monetary Fund

No 2009/208, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents key findings of the Second Review for Seychelles under the Stand-By Arrangement. The program is on track, and macroeconomic stabilization has advanced rapidly. The authorities are implementing the program with determination and a high degree of ownership. All quantitative performance criteria at end-March 2009 were met. One of two structural benchmarks for end-April was missed, reflecting capacity constraints in issuing new bank capitalization norms, but was completed in late May.

Keywords: ISCR; CR; authority; government; executive board discussion; floating exchange rate regime; government ownership; government priority; Seychellois authorities; Arrears; Imports; International reserves; Global; East Africa; Africa (search for similar items in EconPapers)
Pages: 73
Date: 2009-07-15
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