IMF’s fourth review under EFF and RSF |12 April 2025

The press conference in full swing (Photo: Patrick Joubert

Seychelles meet all quantitative performance criteria

Vice President Ahmed Afif, who is responsible for the finance portfolio, has said the country is happy to have been able to achieve all targets set by the International Monetary Fund on the fourth review agreement under the Extended Fund Facility and the Resilience and Sustainability Facility arrangements.

This has resulted in the international financial institution releasing US $13.4 million, critical for the continued implementation of Seychelles’ macro-economic reform programme.

Vice President Afif made the statement during a press conference held yesterday at the headquarters of the Ministry of Finance, National Planning and Trade, Liberty House, Victoria. Present were the International Monetary Fund (IMF) mission chief for Seychelles Todd Schneider, along with his delegation, the Governor of the Central Bank of Seychelles Caroline Abel, secretary of state for Finance Patrick Payet, as well as staff from both the ministry and the Central Bank.

The press conference followed the staff-level agreement reached between Seychelles and the IMF on the fourth reviews under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).

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