Seychelles: Extended Arrangement-Financing Assurances Review-Staff Report

International Monetary Fund

No 2011/133, IMF Staff Country Reports from International Monetary Fund

Abstract: The Executive Board approved a three-year Extended Fund Facility with Seychelles. This report briefly outlines performance under the program, including compliance with the end-December targets, before addressing the issue of financing assurances. Macroeconomic performance through end-2009 continued to be encouraging. Prudent fiscal and monetary policies have been key to the strong macroeconomic stabilization. A review of financing assurance has been outlined. Significant progress has also been achieved with remaining non-Paris Club official bilaterals and external commercial banks.

Keywords: ISCR; CR; US$; debt; financing; SDR; Introduce budget submissions protocol; program financing assumption; debt restructuring negotiations; goodwill cash payment; payment arrears; reserve money; Eurobond debt; Commercial banks; Arrears; Budget planning and preparation (search for similar items in EconPapers)
Pages: 6
Date: 2011-06-14
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