World Bank approves US $30 million loan to support Seychelles’ sustainable, inclusive growth |08 April 2026

The government of Seychelles has welcomed the approval of a US $30 million loan by the board of executive directors of the World Bank Group on April 3, 2026, marking an important step in advancing national development priorities.

The financing will support the second sustainable and inclusive growth Development Policy Operation (DPO), which is the second in a series of two programmatic operations. The loan carries a final maturity of 20 years, including a five-year grace period, in line with the request of the government of Seychelles.

This DPO aims to support Seychelles in advancing diversified, inclusive, and climate-resilient economic and social development. It focuses on three key priority areas: (i) strengthening financial stability and the business environment; (ii) promoting fiscal transparency; and (iii) enhancing environmental and social resilience.

As budget support, the financing will be directly channeled to the national budget, helping the government sustain key reforms and maintain macroeconomic stability while advancing its development agenda.

Through this operation, the government is advancing reforms designed to address critical constraints to private sector development and job creation. These include measures to strengthen financial sector stability and supervision, mitigate risks related to anti-money laundering and counter-financing of terrorism, and promote private sector participation in the energy sector.

The DPO also supports the government’s ongoing fiscal consolidation efforts by improving the quality of public expenditure and enhancing tax transparency and collection, with particular emphasis on international transfer pricing.

In addition, the operation promotes actions to improve environmental sustainability, including enhanced solid waste management systems. It also addresses pressing social challenges, notably the emerging national concern of youth engagement in risky behaviors, which can limit their involvement in the labour force.

The government of Seychelles has reaffirmed its commitment to implementing these reforms to foster sustainable growth, strengthen economic resilience, and improve the well-being of all Seychellois.

Press release from the Ministry of Finance, Economic Planning, Trade and Investment