Seychelles - Institutional support project for statistics and public expenditure management (ISP-SPEM)

The total Project cost is estimated at UA447,059, including contingencies but net of taxes and duties. The total Bank’s contribution is UA380,000 to be funded under the MIC TAF. The Government contribution is estimated at UA 67,059(15% of the total project cost)and will be provided in the form of expenses related to staffing of the project management, annual audits, and contingencies.. The project is to support to the Government’s efforts to ensure continued good governance, efficiency, accountability, and transparency in the public resources use. These include implementation of and Integrated Financial Management System (IFMIS) and procurement reforms that eliminated the duplication of services provided by different agencies. The project also supports the provision of quality and timely statistics that inform evidence-based planning and decision-making for the well-being of the Seychelles people.