Cover IMF Staff Country Reports
Seychelles: Interim Performance Update Under the Policy Coordination Instrument-Press Release; and Staff Report
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2020: Issue 272
Language:
English
Publication Date:
03 Sep 2020
DOI:
https://doi.org/10.5089/9781513556314.002
ISBN:
9781513556314
ISSN:
1934-7685
Pages:
11
Keywords:
ISCR; CR; pandemic; financing; saving measure; exchange rate; urgent balance of payments; broad money; financing assurance; Inflation; Fiscal stance; Exchange rates; Fiscal consolidation; Global; COVID-19
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COVID-19 has had a severe economic impact on Seychelles through the implementation of strict domestic measures to contain the spread of the virus and the related global spillovers. The authorities have responded with measures to mitigate the economic fallout on businesses and households. To help address the urgent balance of payments need arising from the pandemic, the Executive Board approved on May 8, 2020 the authorities’ request for emergency financing under the Rapid Financing Instrument (RFI) of SDR 22.9 million, equivalent to 100 percent of quota (IMF Country Report No. 20/170).
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2020: Issue 272