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Seychelles: 2022 Article IV Consultation, Second Review Under the Extended Fund Facility Arrangement, and Request for Modification of Performance Criteria and Indicative Targets-Press Release; Staff Report; and Statement by the Executive Director for Seychelles
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 249
Language:
English
Publication Date:
26 Jul 2022
DOI:
https://doi.org/10.5089/9798400216367.002
ISBN:
9798400216367
ISSN:
1934-7685
Pages:
102
Keywords:
Seychellois authorities; only authority; government finance statistics manual; policy commitment; emergency expenditure; government operation; Policy recommendation; Tourism; Monetary base; Global; Africa
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Seychelles’ economic recovery in 2021 vastly outperformed projections, fueled by a faster-than-expected rebound of the tourism sector. The recovery is expected to continue in 2022 with projected real GDP growth of 7.1 percent as the tourism sector shows resilience to COVID-19 waves and geopolitical tensions. The recovery has been accompanied by a significant fiscal overperformance.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 249