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Seychelles :, Third Review under the Extended Arrangement, Request for Modification of Performance Criteria, Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion

Seychelles's economy has recovered strongly from the debt crisis and global recession, owing to high foreign direct investment and a rebound in tourism. Inflation remained near zero, and the country continued to rebuild its international reserves and reduce public debt. In 2011, the policy mix under the economic program supported by the Extended Fund Facility has been adjusted in response to global commodity price shocks and financial difficulties of Air Seychelles. Structural reforms will focus on strengthening the financial sector and restructuring of state-owned financial institutions
Table Of Contents
Cover; Contents; I. Recent Developments and Outlook; II. Discussions; A. Policy Adjustments: Sharing the Burden; B. Structural Reforms; III. Program Financing, Design, and Risks; IV. Staff Appraisal; Figures; 2. Indicators of Fiscal and Monetary Performance; Tables; 1. Selected Economic and Financial Indicators, 2007-13; 2. Balance of Payments, 2008-13; 3. Consolidated Government Operations, 2008-13; 4. Monetary Survey and Central Bank Accounts, 2008-11; 5. Financial Soundness Indicators for the Banking Sector, 2007-10
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (54 p.)
Specific Material Designation
Form Of Item

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