IMF Staff Country Reports

Seychelles: Third Review Under the Stand-By Arrangement, Financing Assurances Review, Cancellation of the Stand-By-Arrangement, and Request for an Extended Arrangement-Staff Report; Staff Statement, Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles

January 5, 2010

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Seychelles: Third Review Under the Stand-By Arrangement, Financing Assurances Review, Cancellation of the Stand-By-Arrangement, and Request for an Extended Arrangement-Staff Report; Staff Statement, Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles, (USA: International Monetary Fund, 2010) accessed November 28, 2024

Summary

This paper discusses key findings of the Third Review Under the Stand-By Arrangement for Seychelles. The program is on track, and macroeconomic stabilization has advanced rapidly. The authorities continue to implement the program with a high degree of ownership and success. All quantitative performance criteria (PC) and structural benchmarks at end-September 2009 were met. The structural reform effort is progressing well. Key progress has been made on public financial management, notably through the treasury single account. The 2010 budget features a much improved and complete presentation of government finance.

Subject: Arrears, Asset and liability management, Debt restructuring, External debt, Public debt, Public financial management (PFM)

Keywords: Arrears, CR, Debt exchange offer, Debt restructuring, Discount bond, East Africa, EFF arrangement, Global, Goodwill cash payment, ISCR, Par bond option

Publication Details

  • Pages:

    90

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/003

  • Stock No:

    1SYCEA2010001

  • ISBN:

    9781451836264

  • ISSN:

    1934-7685

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