Seychelles
Seychelles’ Controlled Fiscal Expansion
Seychelles leans on targeted income support while FX holds near USDSCR=X 14–15 and global duration (^TNX) plus EM credit risk (EMB) set the external backdrop; sustainability hinges on reserves ≥4 months and CPI at 2–4% through 2026 amid CL=F volatility.