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 WORLD Asia-Pacific
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Country Profile
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Country Profile |
WORLD Asia-Pacific
Global General
Global Biz
Science and Health
Newsmaker
Country Profile
Odd News
|
A beautiful group of islands in the Indian Ocean, the Seychelles has undergone a series of IMF-supported structural reforms since 2008 that have transformed the economy and contributed to a stable landscape, where citizens enjoy a high per capita income, as well as good health care and education, and a place tourists return to year after year in their thousands to enjoy pristine beaches and excellent accommodations.
Thanks to the International Monetary Fund's extended fund facility and the ensuing fiscal reforms, the Seychelles ran a primary budget surplus of 9.4 percent in 2010.
The government subsequently approved extra spending in 2010 of $6.4 million to boost investment in infrastructure, particularly roads, waste disposal and housing, health and additional debt repayment.
The tourism industry and its related services is the lifeblood of the Seychelles economy, accounts for 75 percent of gross domestic product.
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The tourism industry and its related services is the lifeblood of the Seychelles economy, accounts for 75 percent of gross domestic product.