Seychelles : First Review under the Extended Arrangement and Request for Modification of Performance Criteria-Staff Report; Press Release
International Monetary Fund. African Dept
Program implementation and economic fundamentals continue to be strong, but the external position weakened in mid-2014. Projected growth for 2014 has been revised down to 2.8 percent from 3.7 percent, due to weaker demand for Seychelles' two main exports�tourism and canned tuna. At the same time, strong growth in personal earnings and private sector credit have fueled a surge in imports, putting further pressure on the balance of payments. As a result, the exchange rate depreciated an estimated 11 percent in nominal effective terms from early August to late-October
Year of publication: |
2014
|
---|---|
Institutions: | International Monetary Fund. African Dept ; International Monetary Fund. African Dept (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Seychellen | Seychelles | Schuldenmanagement | Debt management | Wirtschaftslage | Macroeconomic performance | IWF-Kredit | IMF lending |
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