IMF to conduct third review of the Extended Fund Facility |21 October 2015

A delegation from the International Monetary Fund (IMF) is in Seychelles to conduct the third review under the Extended Fund Facility (EFF).

The EFF is help provided by the IMF for medium-term structural reforms over a longer repayment period.

The IMF officials will also meet government authorities and other stakeholders including the private sector and civil society.

This is part of the three-year arrangement under the EFF (to the value of US $17.6 million) approved in June 2014. The fund is disbursed in phases based on semi-annual reviews of the country’s economic performance.