Seychelles : Public Sector Debt and Prospects for Successful Economic Reform

Seychelles is at a development crossroads. With public sector debt at over 200 percent of Gross Domestic Product (GDP), manifested by years of poor macroeconomic management and rigid economic structure, the economy has been experiencing a serious downturn since the beginning of the 2000s. While real...

Full description

Bibliographic Details
Main Author:	Kojo, Naoko C.
Format:	Debt and Creditworthiness Study
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCUMULATION OF ARREARS ACCUMULATION OF DEBT ALLOCATION ANNUAL RATE ANNUAL REPORTS APPROPRIATION ARREARS BALANCE OF PAYMENT BALANCE OF PAYMENTS BLACK MARKET BOND BOND ISSUE BORROWER BORROWING COSTS BROAD MONEY BUDGET CONSTRAINT BUDGET DEFICIT BUDGETARY IMPLICATIONS BUSINESS TAX CAPITAL EXPENDITURE CAPITAL OUTLAYS CENTRAL BANK CENTRAL GOVERNMENT COLLATERALIZATION COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL CREDITORS COMMERCIAL DEBT COMMERCIAL LOANS CONTINGENT LIABILITIES CONTRACTUAL OBLIGATIONS CREDIBILITY CREDITORS CREDITORS INTEREST CURRENT ACCOUNT DEFICIT DEBT BURDEN DEBT DATA DEBT DYNAMICS DEBT EXCHANGE DEBT INSTRUMENTS DEBT INTEREST DEBT LEVEL DEBT PAYMENTS DEBT REDUCTION DEBT RESTRUCTURING DEBT RESTRUCTURING OPERATION DEBT SERVICE DEBT SERVICE BURDEN DEBT SERVICE PAYMENTS DEBT SOURCES DEBT STOCK DEBT SUSTAINABILITY DEBTOR DEBTOR COUNTRY DEVALUATION DEVELOPMENT BANK DOMESTIC BORROWING DOMESTIC DEBT DOMESTIC DEBTS DOMESTIC DEMAND DOMESTIC FINANCIAL SYSTEM ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC PROBLEMS ECONOMIC RECOVERY ECONOMIC REFORM EXCHANGE CONTROLS EXCHANGE RATE EXCHANGE RATE ADJUSTMENTS EXCHANGE RATES EXOGENOUS SHOCKS EXPENDITURE EXPORT COMPETITIVENESS EXTERNAL ARREARS EXTERNAL BALANCE EXTERNAL BORROWING EXTERNAL COMMERCIAL BORROWING EXTERNAL DEBT EXTERNAL DEBTS EXTERNAL LOANS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SUPPORT FINANCIAL SYSTEM FISCAL ADJUSTMENT FISCAL ADJUSTMENTS FISCAL AUSTERITY FISCAL BALANCE FISCAL BURDEN FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL MISMANAGEMENT FISCAL OUTTURN FISCAL PERFORMANCE FISCAL POLICY FISCAL POSITION FISCAL RESULTS FISCAL SCENARIOS FISCAL STANCE FISCAL SUSTAINABILITY FOREIGN CURRENCIES FOREIGN EXCHANGE FOREIGN EXCHANGES FOREIGN INTEREST FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN RESERVES GLOBAL DEVELOPMENT FINANCE GOVERNMENT ASSETS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT DEBTS GOVERNMENT EXPENDITURE GOVERNMENT FINANCING GOVERNMENT SPENDING GROWTH RATE HEALTH SERVICES HIGHER INFLATION HOLDING HUMAN DEVELOPMENT IMPLICIT INTEREST INDEBTEDNESS INDIVIDUAL INVESTORS INFLATION INFRASTRUCTURE PROJECTS INSTRUMENT INTEREST ARREARS INTEREST BURDEN INTEREST PAYMENTS INTEREST RATE INTEREST RATES INVESTMENT CLIMATE INVESTOR CONFIDENCE LABOR MARKET LENDERS LEVEL OF DEBT LEVEL PLAYING FIELD LOAN LOAN AGREEMENTS LOAN CONTRACTS LOAN DEFAULTS LONG-TERM DEBT LONG-TERM EXTERNAL DEBT LONG-TERM INSTRUMENTS MACROECONOMIC MANAGEMENT MARKET FORCES MARKET REFORM MARKET VALUE MATURITY MEDIUM-TERM PROJECTION NATIONAL INCOME NEGATIVE PLEDGE CLAUSE NET EXTERNAL BORROWING NET LENDING OIL PRICES PENSION PENSION SCHEME POVERTY REDUCTION PREPAYMENT PRICE INDEX PRIVATE PLACEMENT PRIVATE SECTOR PRIVATIZATION PROFIT MARGINS PROGRAMS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SECTOR EMPLOYEES PUBLIC UTILITIES RATES OF INTEREST REAL GROWTH REAL GROWTH RATE REFORM PLAN REFORM PROGRAM REGULATORY STRUCTURE RESERVES RETURN SALES TAX SHORT-TERM DEBT SHORT-TERM INSTRUMENTS SOCIAL GAINS SOCIAL INDICATORS SOCIAL SECURITY SOCIAL SECURITY FUNDS SOCIAL SERVICES SOVEREIGN DEBT STATE ENTERPRISES STOCKS STRUCTURAL ADJUSTMENT STRUCTURAL REFORM STRUCTURAL REFORMS SUSTAINABLE DEBT LEVEL TAX TAX COLLECTION TAX EXEMPTIONS TAX RATES TAX REVENUE TOTAL DEBT TOTAL EXPENDITURE TOTAL PUBLIC EXPENDITURE TOTAL PUBLIC SECTOR TRADE LIBERALIZATION TRANSACTION TREASURY TREASURY BILL TREASURY BILLS TREASURY BOND TREASURY BONDS WELFARE LOSS
Online Access:	http://documents.worldbank.org/curated/en/2005/10/16286576/seychelles-public-sector-debt-reduction-strategy http://hdl.handle.net/10986/8245

Internet

http://documents.worldbank.org/curated/en/2005/10/16286576/seychelles-public-sector-debt-reduction-strategy
http://hdl.handle.net/10986/8245

Seychelles : Public Sector Debt and Prospects for Successful Economic Reform

Internet

Similar Items