Seychelles Fiscal Reform in Progress

Seychelles Fiscal Reform in Progress

The International Monetary Fund noted that the Seychelles had succeeded in achieving its medium-term debt reduction target, welcoming the forthcoming introduction of a VAT regime from January 2013, as a key feature of the territory’s reform.

According to the IMF, the Seychelles fiscal policy remains on its way toward the bringing public debt down to 50% of gross domestic product by 2018, and debt restructuring is almost completed.

Within the further broader structural reform, the electronic clearinghouse will be implemented and a study on utility tariff reform will be completed.

To support the government's efforts, the IMF has approved a one-year extension to an IMF financial assistance program, till December 2013, and an increased quota worth an additional USD 10.2 mln. In return, the Seychelles introduces a number of economic reforms.

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004

Cyprus

tel +357 25 731-042

info@dsexpress.com

 

11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

info@dsexpress.com

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714

kiev@dsexpress.com

 

52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

spb@dsexpress.com

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved