News Feeds
29 Mar 2023
IMF Staff Reaches Staff-Level Agreement with Seychelles on a Resilience Sustainability Fund (RSF) Program and a new Extended Fund Facility (EFF) Arrangement
“The Seychellois authorities and an IMF staff team reached a staff-level agreement on policies and reforms under a new 36-month Extended Fund Facility arrangement and a Resilience and Sustainability Faciity program, with a requested access of 185 percent of quota under the EFF (SDR 42.36 million) and 150 percent of quota under the RSF (SDR 34.35 million). The new EFF would support the authorities in their efforts to build on the progress in macroeconomic, fiscal, and financial reforms started under the EFF that was approved in July 2021. The RSF financing will help the authorities advance their efforts in building resilience against climate change. The agreement is subject to approval by the IMF Management and Executive Board. Consideration by the Board is tentatively scheduled for May 2023.
