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

January 14, 2016

Preview Citation

Format: Chicago

Seychelles: Third Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

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.

Subject: Banking, Central banks, Credit, Financial institutions, Government securities, International reserves, Monetary base, Money, Public debt

Keywords: B. monetary policy, Broad money, Budget support, CBS data, CBS management, CR, Credit, Debt target, Disbursement of SDR, Global, Government securities, International reserves, ISCR, Monetary base, Monetary policy stance, Private sector credit growth slowing, SDR

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/015
Stock No:

1SYCEA2016001
ISBN:

9781513524337
ISSN:

1934-7685

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