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150128 ||| eng |
| 020 |
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|a 9781451836226
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| 245 |
0 |
0 |
|a Seychelles
|b 2008 Article IV Consultation and Request for a Stand-By Arrangement: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles
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| 260 |
|
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|a Washington, D.C.
|b International Monetary Fund
|c 2008
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| 300 |
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|a 102 pages
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| 651 |
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4 |
|a Seychelles
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Public debt
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| 653 |
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|a Banks
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| 653 |
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|a Debt service
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Banks and banking
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| 653 |
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|a Debt Management
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Debts, Public
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| 653 |
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|a Computer Programs: Other
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| 653 |
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|a Debt
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| 653 |
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|a Data Collection and Data Estimation Methodology
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| 653 |
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|a Currency
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Mortgages
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| 653 |
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|a Arrears
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a International economics
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| 653 |
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|a External debt
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| 653 |
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|a Debts, External
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banking
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| 653 |
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|a Exchange rates
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| 653 |
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|a Statistics
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Public Finance
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| 653 |
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|a Foreign exchange
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| 710 |
2 |
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|a International Monetary Fund
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Staff Country Reports
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| 028 |
5 |
0 |
|a 10.5089/9781451836226.002
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2008/365/002.2008.issue-365-en.xml?cid=22521-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper presents Seychelles’ 2008 Article IV Consultation and Request for a Stand-By Arrangement. Large macroeconomic imbalances and vulnerabilities resulting from longstanding unsustainable macroeconomic policies, combined with recent external shocks, culminated in mid-2008 with the near-exhaustion of foreign reserves and missed payments on public debt obligations. Growth is declining, and inflation has risen sharply. The pegged exchange rate that was incompatible with fundamentals, together with a complex system of exchange restrictions and controls, has resulted in economic dislocation, a parallel exchange market, and pervasive dollarization
|