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Seychelles: Extended Arrangement-Financing Assurances Review-Staff Report

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  • International Monetary Fund

Abstract

The Executive Board approved a three-year Extended Fund Facility with Seychelles. This report briefly outlines performance under the program, including compliance with the end-December targets, before addressing the issue of financing assurances. Macroeconomic performance through end-2009 continued to be encouraging. Prudent fiscal and monetary policies have been key to the strong macroeconomic stabilization. A review of financing assurance has been outlined. Significant progress has also been achieved with remaining non-Paris Club official bilaterals and external commercial banks.

Suggested Citation

  • International Monetary Fund, 2011. "Seychelles: Extended Arrangement-Financing Assurances Review-Staff Report," IMF Staff Country Reports 2011/133, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2011/133
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