The Seychelles economy has undergone a remarkable transformation since 2008. A comprehensive reform program has had strong ownership and political commitment, and has been supported by successive EFF arrangements. The authorities are committed to consolidating and safeguarding the hard-earned gains. Their target is to reduce debt to below 50 percent of GDP by 2020 while promoting sustainable growth, addressing concerns about poverty, infrastructure gap and implementing sound climate policies. They have made substantial use of technical assistance, principally from the IMF and World Bank. Both parties in parliament support ongoing reforms, continued fiscal discipline, and accountability and transparency in public finances. However, Seychelles is a small and open economy, reliant on tourism, and remains highly exposed to external shocks. The current EFF will expire in early June and the authorities are very grateful for the mission teams and their constructive discussions, analysis and advice. Recognizing the productive relationship with the Fund that started almost a decade ago, the authorities have notified IMF management of their desire to remain actively engaged with the Fund through a precautionary arrangement.