Seychelles - Governance and Economic Reforms Support Program (GERSP) – Phase III

The Governance and Economic Reforms Support Programme (GERSP)-III is the final intervention of the three-year programmatic operation covering 2021, 2022, and 2023 in Seychelles. The GERSP-III aims to strengthen the economic governance reforms that will sustain inclusive green growth and support post-COVID-19 recovery while reinforcing environmental and climate resilience. The project is a continue support of the Bank to Seychelles’ Medium-Term Fiscal Framework (MTFF), 2021-2023 through three components: (i) advancing fiscal sustainability; (ii) improving business environment; and (iii) improving climate change and environmental resilience. The GERSP-III’s key expected outputs are: (i) improved tax revenue performance; (ii) improved governance in the public sector, including in state-owned enterprises (SOEs); (iii) strengthened anti-money laundering and counter terrorism (AML/CFT) financing framework; (iv) enhanced environment for doing business; and (v) enhanced climate change responses and renewable energy and solid waste management frameworks.