Seychelles: First Review under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Seychelles

Author: International Monetary Fund. African Dept.

First Review under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Seychelles

Volume/Issue: Volume 2022 Issue 006

Publication date: January 2022

ISBN: 9798400200687

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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , Public Finance , International - Economics , financing gap , inflation dynamics , monetary policy transmission mechanism , government operation , accommodative monetary policy stance , Credit , Loans , Commercial banks , Europe , Global

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Summary

The expected macroeconomic recovery has materialized. Seychelles remains a leader in vaccine coverage at home, and the widespread availability of vaccines in Seychelles’ key tourist markets, particularly Europe, is contributing to a strong rebound in tourism. The economic outlook, while positive, remains subject to the uncertain evolution of the COVID-19 pandemic globally.