Seychelles: AfDBextends $10 million loan to support COVID-19 responses as economy reopens

The Board of Directors of the African Development Bank on Monday approved a $10 million loan to the Republic of Seychelles to support the government’s COVID-19 response program.

IMF Staff says Seychelles’ Economic outlook for 2019 remains positive

An International Monetary Fund (IMF) staff team led by Mr. Amadou Sy in Seychelles says delays in the implementation of Air Seychelles’ restructuring plan could undermine government’s efforts to sustain strong fiscal primary surpluses and jeopardize medium-term public debt reduction goals.

Seychelles growth output for 2018 remains positive, IMF

“Macroeconomic performance has been robust in 2017. The external current account deficit is estimated to have narrowed, supported by strong tourism arrivals. Reflecting this, economic growth for 2017 is projected to reach around 4 percent. With the economy performing well, the primary fiscal surplus is expected to reach 2.5 percent of GDP this year in line with the authorities’ target.”