Seychelles First Fiscal Sustainability and Climate Resilience Development Policy Financing

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Closed

The development objectives of the First Fiscal Sustainability and Climate Resilience Development Policy Loan in Seychelles support the government’s effort to: (i) strengthen medium‐term fiscal sustainability; (ii) build resilience and (iii) strengthening policies for inclusive and sustainable growth. The series supports crucial structural reforms to improve the post-pandemic recovery potential of the Seychelles economy and strengthen the resilience of the country to climate change. The first pillar aims to strengthen medium-term fiscal sustainability by reducing the fiscal risks and restoring the public debt path from high levels since 2008. As a Small Island Developing State, Seychelles is exposed and vulnerable to natural hazards and the adverse effects of climate change. In addition, the pandemic has posed significant risks to the financial sector. The second pillar supports the government’s commitment to build greater resilience against natural hazards, climate change and financial risk. The third pillar supports strengthening policies to create an enabling environment for inclusive and sustainable growth, in particular the development of the digital economy and the blue economy.

World Bank Group

Project

Broadband, Telecommunications, Raw Materials, Government