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.
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.
Parent “Finablr” has announced plans to invest USD 100 million to expand its Africa operations over the next decade UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding of its Africa operations as… Read More ›
An International Monetary Fund (IMF) staff mission has said Seychelles’ growth outlook for 2018 remains positive, supported by the tourism sector. The team led by Amadou Sy visited Victoria during March 7‒20, 2018, to conduct discussions on the first review… Read More ›
“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.”