Seychelles has undergone a remarkable transformation from a low-income country to a leading economy on the African continent achieving high income status in 2015. However, Seychelles has been hit hard by the Covid-19 pandemic, which resulted in a severe contraction, primarily due to the collapse of the tourism sector on which the country relies.
Enhancing structural transformation, achieving economic and environmental sustainability and climate resilience, and deepening private sector participation are critical for Seychelles to sustain the economic and climate resilience and build back better. This structural transformation requires innovative mechanisms for mobilizing development finance. In support of these efforts, the Government of Seychelles is adopting an INFF approach and undertaking a development finance assessment (DFA) for a detailed investigation of the country’s financing landscape. The DFA will offer a comprehensive analysis of the public and private financing outlook, financing policies and institutional structures, and opportunities to build a more integrated approach to financing.