IMF Staff Country Reports

Seychelles: Selected Issues

December 2, 2008

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Seychelles: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This Selected Issues paper for Seychelles argues that sound fiscal policies and smaller governments can be conducive to growth and help reduce a country’s economic vulnerability. Growth in Seychelles has been volatile and underperformed most small states from 1998 to 2005. Seychelles’s revenues, expenditures, and total public debt are higher after an improvement in 2003. Its fiscal balance has worsened and has been weaker in comparison with most small states for most of the period. Seychelles’s expenditure composition is most similar to that of low-growth small states.

Subject: Balance of payments, Economic sectors, Fiscal consolidation, Fiscal policy, Foreign direct investment, Public debt, Tax incentives, Tourism

Keywords: Africa, Asia and Pacific, CR, Europe, FDI inflow, Fiscal consolidation, Foreign direct investment, Global, Government, Government default risk, Growth average, Growth strategy, ISCR, Seychelles authorities' strategy, Small state, Tax concessions Seychelles, Tourism

Publication Details

  • Pages:

    25

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/366

  • Stock No:

    1SYCEA2008002

  • ISBN:

    9781451836233

  • ISSN:

    1934-7685

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