Seychelles: Third Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release; and Staff Report

International Monetary Fund

No 2016/015, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Seychelles’ Third Review Under the Extended Arrangement and Request for Modification of Performance Criteria (PC). All PCs for end-June 2015, the program’s third test date, were met. Based on preliminary data, all the third-quarter indicative targets were also met. The structural agenda is proceeding, albeit with some delays. Growth for 2015 has been revised upward to slightly more than 4 percent. Presidential elections are taking place during December 3–5. The IMF staff recommends completion of the third review under the Extended Arrangement and modification of the PCs for end-December 2015.

Keywords: ISCR; CR; disbursement of SDR; SDR; broad money; private sector credit growth slowing; monetary policy stance; CBS data; budget support; CBS management; B. monetary policy; debt target; Monetary base; International reserves; Credit; Government securities; Global (search for similar items in EconPapers)
Pages: 52
Date: 2016-01-14
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