IMF Staff Country Reports

Seychelles: Requests for an Extended Arrangement under the Extended Fund Facility and Arrangement under the Resilience and Sustainability Facility and Cancellation of the Current Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Seychelles

June 28, 2023

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Seychelles: Requests for an Extended Arrangement under the Extended Fund Facility and Arrangement under the Resilience and Sustainability Facility and Cancellation of the Current Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Seychelles, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

Under the current EFF, the authorities have made substantial progress in restoring macroeconomic stability and debt sustainability after being hit hard by the COVID-19 pandemic. Now, they would like to pivot to the deeper medium-term structural reforms needed to support structural balance of payments needs and promote sustainable and inclusive growth. To support this pivot, they have requested the cancellation of the current EFF and the approval of a new one. Concurrently, they have requested a program under the Resilience and Sustainability Facility (RSF) to help advance their climate agenda, including measures to enhance resilience to climate-related shocks.

Subject: Climate change, Climate finance, Environment, International organization, Monetary policy, Natural disasters, Public debt

Keywords: Africa, Climate change, Climate finance, EFF arrangement, Global, Government efficiency, IMF Resilience and Sustainability Facility arrangement, Natural disasters, RSF request, Seychellois authorities

Publication Details

  • Pages:

    126

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/235

  • Stock No:

    1SYCEA2023001

  • ISBN:

    9798400247217

  • ISSN:

    1934-7685

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