Tag Archives: Seychelles
Seychelles received a round of applause in New York today from a group of ambassadors to the United Nations dedicated to promoting the Sustainable Development Goal (SDG14) on the conservation and use of oceans and seas for sustainable development.
- The IMF team reached a staff level agreement with the authorities on their economic program that could be supported by a new 3-year IMF arrangement under the Policy Coordination Instrument.
- The authorities have implemented prudent macroeconomic policies together with bold structural reforms that led to strong economic growth as well as noticeable improvement in fiscal and external position as well as a reduction in debt.
- Macroeconomic performance has been robust in 2017, with economic growth for 2017 projected to reach around 4 percent.
An International Monetary Fund (IMF) staff mission led by Mr. Amadou Sy visited Victoria during September 13‒26, 2017. The mission reached a staff level agreement with the Seychellois authorities on their economic program which could be supported by a new 3-year IMF arrangement under the Policy Coordination Instrument (PCI) . Subject to IMF management approval, the staff-level agreement is expected to be submitted to the IMF Executive Board for its consideration in December 2017. Under the arrangement, Seychelles economic program would be subject to semi-annual reviews.
The world also had a shared responsibility to protect the oceans for sustainable development
Seychelles: Economic growth reached 4½ percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector
On June 2, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Seychelles.
“In each market where wind energy is being developed, the state is a big player in the initial stages of industry development and is often the sponsor of pilot projects.”
By Thandisizwe Mgudlwa
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