02063cas a2200301 a 4500 AALejournalIMF021927 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513594064 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Seychelles : Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Seychelles. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (97 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Seychelles was hit hard by the COVID-19 crisis. The authorities reacted swiftly, by locking down the economy, thereby keeping infection and fatality rates low. However, the travel restrictions and global economic downturn triggered unprecedented economic contraction. The authorities responded with measures to mitigate the economic fallout on businesses and households. But the public debt ratio increased sharply, reflecting the primary balance deterioration, exchange rate depreciation, and GDP contraction. As soon as vaccines became available, Seychelles led the world in vaccination coverage and reopened its borders. With tourist arrivals bouncing back, a V-shaped recovery is now expected. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Seychelles imf IMF Staff Country Reports; Country Report ; No. 2021/184 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/184/002.2021.issue-184-en.xml IMF e-Library