Seychelles - Second Sustainable and Inclusive Growth Development Policy Operation

Overview & Synopsis

The Second Sustainable and Inclusive Growth Development Policy Operation for Seychelles supports the government across three interconnected pillars: strengthening financial stability and the business environment, promoting fiscal transparency, and enhancing environmental and social resilience. These pillars are closely aligned with the Seychelles National Development Strategy 2024-2028, which charts a course toward diversified, inclusive, and climate-resilient development across six areas including economic transformation, public service modernization, health, education, law and order, and environmental sustainability. The DPO's first pillar advances legislative reforms in non-bank credit regulation, cybercrime, and renewable energy; its second pillar targets revenue transparency through transfer pricing rules and improved budget efficiency; and its third pillar addresses waste management and youth risk behavior. Together, these measures form a coherent reform agenda that reinforces the country's long-term development priorities.