IMF Executive Board approves disbursement of funds upon completion of EFF and RSF Arrangements
June 17, 2025
The Executive Board of the International Monetary Fund (IMF) has completed the fourth reviews of Seychelles’ economic performance under the 36-month EFF and RSF Arrangements approved on 31 May, 20253.
The completion of the reviews allows for the authorities to draw the equivalent of SDR 6.1 million (about $8.3 million) under the EFF and SDR 3.9 million (about $5.3 million) under the RSF, bringing total disbursements to SDR 30.5 million (about $41.7 million) and SDR 13.3 million (about $18.2 million) under the EFF and RSF, respectively.
Following the Executive Board’s discussion, Mr. Bo Li, Deputy Managing Director, and acting Chair, issued the following statement:
“For the fourth reviews, program performance under the EFF was strong, with all quantitative program targets and structural benchmarks through end-December successfully met. Progress has also been satisfactory on RSF implementation, with all RMs through March implemented and only one component of an RM scheduled for April has been delayed. The authorities continue to implement an ambitious reform agenda and prudent fiscal and monetary policies in the face of an increasingly challenging external environment."
Find below the press release from IMF Executive Board.