Seychelles: Fourth Review Under the Extended Arrangement, Request for Waiver of Applicability of Performance Criteria and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; Statement by the Executive Director for Seychelles

International Monetary Fund

No 2012/030, IMF Staff Country Reports from International Monetary Fund

Abstract: Seychelles’s fiscal stance for 2012 allows maintaining a steady course toward debt reduction. The authorities’ decisions to downsize the loss-making national airline and raise tariffs of public enterprises are crucial steps for easing fiscal pressures and ensuring sufficient capital expenditure, in particular in much-needed infrastructure projects. Price subsidies through the Stabilization Fund will be replaced with targeted transfers to low-income households. The structural reform agenda for 2012 builds on progress made to date, focusing on taxation, public finance management, public enterprises, and the financial sector.

Keywords: ISCR; CR; Seychelles economy; exchange rate; SDR; governance; Seychellois authorities; discussion of Seychelles; CBS governance; policy platform; Monetary base; Fuel prices; Arrears; Global; Western Europe; Europe (search for similar items in EconPapers)
Pages: 57
Date: 2012-02-06
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