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Seychelles :, 2013 Article IV Consultation, Seventh Review Under the Extended Arrangement and Request for Modification of Performance Criterion

Abstract
This staff report discusses Seychelles 2013 Article IV Consultation, Seventh Review Under the Extended Arrangement and Request for Modification of Performance Criterion. The repayment of domestic debt, a preference for foreign financing, and shallow domestic financial markets have resulted in significant structural rupee liquidity in the banking system. Tourism has been the main driver of growth, but there is a tension with the number of tourists the islands can absorb. Despite the challenging global environment, tourist arrivals have grown strongly, with diversification toward nontraditional markets more than offsetting stalling European arrivals. The Seychellois rupee is broadly in line with medium-term fundamentals, and tourism remains competitive among peers
Table Of Contents
Cover; CONTENTS; CONTEXT AND CONJUNCTURE; RECENT DEVELOPMENTS AND OUTLOOK; PROGRAM PERFORMANCE; REPORT ON DISCUSSIONS; A. Cementing Macroeconomic Stability; B. Growth, Employment and Inclusion; STAFF APPRAISAL; BOXES; 1. The 2008 Crisis and Macroeconomic Stabilization; 2. Policy Buffers-Reserve Adequacy and the Debt Ceiling; 3. Risk Assessment Matrix; FIGURE; 1. Macroeconomic developments and projections; TABLES; 1. Selected Economic and Financial Indicators, 2010-18; 2. Balance of Payments, 2010-18; 3. Consolidated Government Operations, 2010-18
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (84 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484394304

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