Seychelles: Staff Report for the Eight Review Under the Extended Arrangement
International Monetary Fund. African Dept.
Jan 2014 · International Monetary Fund
Ebook
34
Pages
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About this ebook
This paper discusses Seychelles’ Eighth Review Under the Extended Arrangement. Economic growth and macroeconomic stability improved in 2013. A robust rise in tourism earnings supported growth, as well as a reduction in the current account deficit as a share of GDP. All performance criteria for end-June 2013, the program’s last test date, were met. All the third quarter indicative targets were also met. The measures in the structural benchmarks were all completed, although there were short delays compared with initial plans for technical reasons. IMF staff recommends completion of the eighth review under the Extended Arrangement.
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