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IMF Country Report No. 22/250
SEYCHELLES
SELECTED ISSUES
July 2022
This Selected Issues paper on Seychelles was prepared by a staff team of the
International Monetary Fund as background documentation for the periodic consultation with the Seychelles. It is based on the information available at the time it was completed on June 14, 2022.
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Title page
SEYCHELLES
SELECTED ISSUES
June 14, 2022
Approved By
The African Department
Prepared by Peter Kovacs, Marijn Bolhius, Aissatou Diallo, Adolf Nourrice, and Ragul Pillay.
Contents
AN ASSESSMENT OF THE ECONOMIC LOSS FROM COVID-19 CONTAINMENT POLICIES IN SEYCHELLES
A. Introduction
B. The Evolution of and Response to the Pandemic in Seychelles
C. Economic Impact of the Pandemic
D. Methodology and Data
E. Conclusion
FIGURES
1. Seychelles Stringency Index
2. Tourist Arrivals by Source Country
3. Evolution of the External Balance
4. The Evolution of Goods and Services Export and Import
5. Evolution of Fiscal Expenditure
6. Overall Fiscal Balance
7. Revenue & Grants
8. Evolution of Exchange Rate
9. Real GDP and Stringency Index
10. Difference in GDP and Loss from Containment Policies
TABLES
1. Selected Economic Indicators, 2020–21, Before and After COVID-19 Shock
2. COVID-19 Related Expenditures
Annex
I. Empirical Assessment of the Economic loss from covid-19 Containment Policies in Seychelles
References