Visiting IMF delegation calls on President Faure

October 31, 2016

29th October 2016; Source Seychelles Nation

In the country on a two-week mission to review Seychelles’ economic performance in the context of the extended arrangement with the world financial institution, a delegation from the International Monetary Fund has paid a courtesy call on President Danny Faure at State House.

The five-member mission led by Wendell Samuel, deputy division chief for the International Monetary Fund (IMF) Africa Department was accompanied at State House yesterday afternoon by the Minister for Finance, Trade and the Blue Economy, Jean-Paul Adam, principal secretary for finance and trade Patrick Payet, Central Bank governor Caroline Abel as well as other key officials of the finance ministry.

Mr Samuel said afterwards that the meeting was an opportunity to congratulate President Faure on his new appointment and updated him on the progress of the discussion held with various stakeholders and actors in the economic sector so far.   

“The Seychelles economy has continued to grow strongly, inflation remains under control, and exchange rate fairly stable. The president has indicated that he remains committed to a strong fiscal policy, the linchpin for macro-economic stability and we agree with that because a strong fiscal policy would ensure the exchange rate remains stable, inflation anchored, which will help protect the poorest in society,” Mr Samuel said.

The IMF mission will continue its review next week.

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