Seychelles: 2010 Article IV Consultation and Second Review Under the Extended Arrangement, Request for Rephasing of Disbursements, and Financing Assurances Review-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles

International Monetary Fund

No 2011/005, IMF Staff Country Reports from International Monetary Fund

Abstract: Seychelles's strong stabilization efforts has helped the economy to overcome debt crisis and global recession under the Stand-By Arrangement (SBA). But the authorities need to address monetary policy trade-offs, and financial sector challenges exist. Executive Directors welcomed Seychelles's structural reform agenda, which aims at enhancing public financial and central bank management, strengthening competition and risk management, and reducing the role of the state in the financial system. Directors appreciated Seychelles's strong performance compliance with performance criteria under the economic program, and extended further financing.

Keywords: ISCR; CR; government; Seychellois authorities; article IV discussion; SDR; debt reduction effort; Seychelles economy; government of Seychelles; Government finance statistics; Budget planning and preparation; Global; East Africa; Africa (search for similar items in EconPapers)
Pages: 91
Date: 2011-01-04
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