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Seychelles Economy News. Service for global professionals. Constantly updated news and information about Seychelles.
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Latest Seychelles Economy News

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  • World Bank Approves US$9 Million Development Policy Loan to Support the Seychelles' Development 6 Nov 2009 08:30 GMT
    ... Executive Directors, will assist the Government of Seychelles in their efforts to establish a stable ... is implementing significant reforms to stabilize the economy,” says Johannes Zutt, the Country Director for ... Senior Economist for Seychelles. “Gross Domestic Product (GDP) could decline by as much as 10 ...

  • IMF Announces Staff Level Agreement with Seychelles on a 3-year Successor Arrangement Under the Extended Fund Facility 3 Nov 2009 18:12 GMT
    ... and Governor of the Central Bank of Seychelles Pierre Laporte, as well other members of ... been the keys to the program's success. Inflation has been near zero since March and ... to recover from near depleted levels. The economy is responding well to the reforms and ...

  • IMF Announces Staff Level Agreement with Seychelles 3 Nov 2009 08:14 GMT
    ... and Governor of the Central Bank of Seychelles Pierre Laporte, as well other members of ... been the keys to the program’s success. Inflation has been near zero since March and ... to recover from near depleted levels. The economy is responding well to the reforms and ...

  • World Bank Approves $9 Mln Loan To Seychelles 6 Nov 2009 07:19 GMT
    ... World Bank Approves $9 Mln Loan To Seychelles (RTTNews) - Thursday, the World Bank announced ... reform efforts towards returning the island nation's economy to a sustainable growth path. The Seychelles, a ... the medium term are expected to increase employment opportunities, particularly in tourism, banking and fishing ...

  • Financial: World Bank Approves $9 Mln Loan To Seychelles 6 Nov 2009 07:56 GMT
    ... FinancialWorld Bank Approves $9 Mln Loan To Seychelles (RTTNews) - Thursday, the World Bank announced ... reform efforts towards returning the island nation's economy to a sustainable growth path. The Seychelles, a ... the medium term are expected to increase employment opportunities, particularly in tourism, banking and fishing ...

  • World Bank unveils $9 million Seychelles loan 6 Nov 2009 13:15 GMT
    ... World Bank unveils $9 million Seychelles loan 6th November 2009 Updated 43 minutes ... economic reforms to liberalise the once state-controlled economy which has been buffeted by the global economic ...

  • Environments for Leveraging Economic Opportunity [opinion] 6 Nov 2009 22:57 GMT
    ... performers in Africa are Mauritius, Cape Verde, Seychelles, Botswana, South Africa, Namibia and Ghana. Of ... opportunities present, strengthening the ability of the economy to absorb shocks. The Diversification Index of the ...

  • EPP Group demands that EU Council extends 'Atalanta operation' to protect fishing fleet in Indian Ocean. Carmen Fraga MEP 5 Nov 2009 09:38 GMT
    ... Indian Ocean supplies 40% of the European sealed-can industry and generates 60% of the GDP of associated countries such as the Seychelles Islands. For further information: Carmen Fraga MEP, Tel: +32-2-2845239 , EPP Group Press Service, ...

  • ANALYSIS - Emerging debt restructuring finds favour 6 Nov 2009 08:10 GMT
    ... the back of stabilisation of the global economy," said Stuart Culverhouse, chief economist at frontier markets ... Another possible contender for restructuring is the Seychelles, which defaulted on the interest payments on ...

  • Sliding Seychelles secures growth in 2010 2 Nov 2009 18:12 GMT
    ... disaster but also of great reforms in Seychelles. But the return of steady growth seems ... paid for the restructuring of the Seychellois economy. The IMF report praises Seychellois authorities for ... Results therefore had been better than expected: "Inflation has been near zero since March and ...

  • UPDATE 1-IMF agrees new Seychelles package, sees 2010 growth 2 Nov 2009 09:36 GMT
    ... Monetary Fund (IMF) said on Monday the Seychelles had made rapid progress in restoring economic ... last year and the Indian Ocean archipelago economy should grow 4 percent in 2010. In ... the import-dependent luxury tourist destination sent year-on-year inflation rocketing to a peak of 63.3 percent ...

  • Press Release: IMF Announces Staff Level Agreement with Seychelles on a 3-year Successor Arrangement Under the Extended Fund Facility  2 Nov 2009 23:56 GMT
    ... you. IMF Announces Staff Level Agreement with Seychelles on a 3-year Successor Arrangement Under the ... been the keys to the program's success. Inflation has been near zero since March and ... to recover from near depleted levels. The economy is responding well to the reforms and ...

  • How the Pentagon forcibly removed Diego Garcia islanders and gassed their dogs 1 Nov 2009 15:50 GMT
    ... boat and taken to Mauritius and the Seychelles, 1,200 miles away, where they were left ... an island with schools, hospitals, and full employment, sort of like a French coastal village, ... a life of abject poverty in exile, unemployment, health problems, and were the poorest of ...

  • Broadband in SA: another scathing report 2 Nov 2009 12:51 GMT
    ... Conference on Trade and Development’s (UNCTAC) Information Economy Report 2009. The report monitors global trends in ... of close to 550%. In 2008, Gabon, Seychelles, and South Africa boasted almost 100 subscriptions ...

  • Somali pirate ransoms 'could fund terrorists' 1 Nov 2009 00:32 GMT
    ... days ago as they travelled from the Seychelles to Tanzania. Almost 300 pirate attacks were ... in the area for destroying the local economy. "Nato operations have destroyed a lot of equipment ...


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