Seychelles : First Review Under the Extended Arrangement and Request for Modification of Performance Criteria.

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 tim...

Deskribapen osoa

Xehetasun bibliografikoak
Erakunde egilea: International Monetary Fund. African Dept
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2014.
Saila:IMF Staff Country Reports; Country Report ; No. 2014/356
Sarrera elektronikoa:Full text available on IMF
Deskribapena
Gaia: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.
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Deskribapen fisikoa:1 online resource (38 pages)
Formatua:Mode of access: Internet
ISSN:1934-7685
Sartu:Electronic access restricted to authorized BRAC University faculty, staff and students