Seychelles - Inclusive Private Sector Development and Competitiveness Programme – Phase II

The Inclusive Private Sector Development and Competitiveness Programme- Phase II (IPSDCP-II), is designed as a single-tranche general budget support (GBS) operation for the fiscal year 2015, financed by an ADB loan of USD 10 million. It ensures continuity of the previous Programme Based Operation (PBO), IPSDCP (2013-2014) and complementarity with the programs of other development partners. The programme targets outputs aimed towards improving the investment climate, more specifically an improved legal framework and systems for business facilitation and investment promotion; initiatives to increase effective demand for Micro, Small and Medium Enterprise (MSME) credit; and an improved regulatory framework for the non-banking financial sector. The programme also targets outputs aimed at enhancing public sector efficiency, including the establishment of a regulatory framework for public-private partnerships and improved transparency and participation in procurement and budget processes.