FIRST SUSTAINABILITY AND COMPETITVENESS DEVELOPMENT POLICY LOAN

closed

Closed

The development objectives of the First Sustainability and Competitiveness Development Policy Loan (DPL) Program are to improve fiscal sustainability and enhance private sector competitiveness for the Republic of Seychelles. To achieve those objectives, this series assists the government to implement reforms that will: (i) improve the business climate; (ii) enhance transparency; (iii) improve public financial management; (iv) improve targeting of social assistance; and (v) increase fiscal controls in public enterprises. The program will support the authorities with critical knowledge and technical assistance for implementing reforms. Analytical underpinnings for the reform program will be provided by existing and programmed analytical work. Analytical work that has already shaped the government's ongoing reform agenda includes public expenditure reviews, a strategy for strengthening budget management, a public financial management performance report, a review of administrative barriers to private sector development and business environment in the Seychelles, and a review of the policy regulatory and administrative environment. The government greatly values the technical assistance and policy dialogue that the bank can provide through its DPLs. Technical assistance in this program will be funded partly by reimbursable technical assistance. The bank brings global knowledge about good practice and helps to ensure evidence-based discussions around the reform agenda. That approach is particularly important in this context, where the reform agenda is ambitious, capacity is weak, and external factors call for accelerated reforms.

FY17 - Public Administration

World Bank Group

Project

Government