Seychelles; Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurance Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles

This paper presents key findings of the Second Review for Seychelles under the Stand-By Arrangement. The program is on track, and macroeconomic stabilization has advanced rapidly. The authorities are implementing the program with determination and a high degree of ownership. All quantitative performance criteria at end-March 2009 were met. One of two structural benchmarks for end-April was missed, reflecting capacity constraints in issuing new bank capitalization norms, but was completed in late May.

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Year of publication:	2009-07-15
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Announcements \| Debt management \| Debt restructuring \| Economic indicators \| Performance criteria waivers \| Staff Reports \| Stand-by arrangement reviews \| Tax reforms \| debt \| external debt \| interest \| public debt \| payments \| creditors \| restructuring \| current account \| debt service \| debt reduction \| central bank \| liabilities \| debt sustainability \| public external debt \| loans \| debt stock \| public sector debt \| creditor \| current account deficit \| debt strategy \| balance of payments \| external financing \| fiscal policy \| domestic currency \| debt relief \| repayment \| debt service reduction \| debt ratio \| obligations \| current account balance \| domestic financing \| external debt service \| external borrowing \| treasury bills \| debt outstanding \| debt forgiveness \| public finance \| foreign debt \| domestic public debt \| payment arrears \| short-term debt \| debt dynamics \| total external debt \| commercial creditors \| debt burden \| public expenditure \| expenditures \| debt report \| budget expenditure \| reconciliation with creditors \| debt service payments \| debt sustainability analysis \| promissory notes \| long-term debt \| external payments \| government securities \| credit risk \| domestic debt \| private sector creditors \| liquidity management \| debt management capacity \| reserve assets \| external payments arrears \| taxes \| external debt sustainability \| external public debt \| debt exchange \| repayments \| external debt stock \| bilateral creditor \| repurchases \| external payment \| principal repayments \| excessive volatility \| debt ratios \| commercial loans \| interest costs \| highly indebted countries \| debts \| debt securities \| indebted countries \| risk premium \| multilateral creditors \| debt service burden \| regulatory environment \| balance sheet effects \| imf repurchases \| public finances \| balance of payment \| suppliers credits \| debt management strategy \| bilateral creditors \| external liabilities \| external debt burden \| tax incentives \| credit concentration \| external disbursements \| credit risks

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 09/208 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243727