Seychelles: Extended Arrangement-Financing Assurances Review-Staff Report.
Volume/Issue:
Volume 2011
Issue 133
Publication date: June 2011
ISBN: 9781455280551
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Public Finance , ISCR , CR , US$ , debt , financing , SDR , Introduce budget submissions protocol , program financing assumption , debt restructuring negotiations , goodwill cash payment , payment arrears , reserve money , Eurobond debt , Commercial banks , Arrears , Budget planning and preparation
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Summary
The Executive Board approved a three-year Extended Fund Facility with Seychelles. This report briefly outlines performance under the program, including compliance with the end-December targets, before addressing the issue of financing assurances. Macroeconomic performance through end-2009 continued to be encouraging. Prudent fiscal and monetary policies have been key to the strong macroeconomic stabilization. A review of financing assurance has been outlined. Significant progress has also been achieved with remaining non-Paris Club official bilaterals and external commercial banks.
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