Seychelles debt drops to 60 percent of GDP, IMF says

The Seychelles’ public debt has dropped to 60 percent of its gross domestic product (GDP), a result of the government having adopted and maintaining strong programmes and macroeconomic policies, a representative of the International Monetary Fund (IMF) said on Tuesday.

“The external current account narrowed thanks to strong tourism earnings. The programme is on track with reserves and the primary surplus exceeding targets,” said the IMF mission chief for Seychelles, Amadou Sy.   

An IMF staff mission was in Seychelles from September 19 to October 2 as part of the second review of the current IMF programme which includes reviews taking place at six-monthly intervals.

Source: Seychelles News Agency