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Program implementation and economic fundamentals continue to be strong, but the external position weakened in mid-2014. Projected growth for 2014 has been revised down to 2.8 percent from 3.7 percent, due to weaker demand for Seychelles’ two main exports—tourism and canned tuna. At the same time, strong growth in personal earnings and private sector credit have fueled a surge in imports, putting further pressure on the balance of payments. As a result, the exchange rate depreciated an estimated 11 percent in nominal effective terms from early August to late-October.

Fiscal policy --- Monetary policy --- Foreign exchange rates --- Banks and banking --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Financial institutions --- Money --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- Rates --- Government policy --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Seychelles --- Republic of Seychelles --- Seychellen --- Colony of Seychelles --- Respublika Seĭshelʹskie Ostrova --- Seĭshelʹskie ostrova --- République des Seychelles --- Repiblik Sesel --- Seychelle --- Republiek van Seychelle --- Republik vo de Seychelle --- سيشيل --- Sayshil --- جمهورية سيشيل --- Jumhūrīyah Sayshil --- Republica de Seychelles --- Sêch·èles --- Seixeles --- República de Seixeles --- Seyşel adaları --- Seshel --- Seshel ka Fasojamana --- Economic conditions. --- Economic policy. --- Banks and Banking --- Exports and Imports --- Foreign Exchange --- Money and Monetary Policy --- Public Finance --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- National Government Expenditures and Related Policies: General --- International Investment --- Long-term Capital Movements --- Debt --- Debt Management --- Sovereign Debt --- Monetary economics --- Currency --- Public finance & taxation --- International economics --- Monetary base --- Credit --- Current spending --- Public debt --- Expenditure --- Expenditures, Public --- Debts, Public