An IMF staff team led by Todd Schneider concluded a visit to Victoria on November 10, 2025, following discussions with government officials and stakeholders. The mission assessed progress under the government’s 100-day agenda and reviewed the framework for the 2026 national budget.
Schneider said growth in 2025 has been stronger than anticipated, driven by a surge in tourism. Headline inflation remained low at 0.3% through October, aided by stable food and fuel prices and a relatively steady Rupee.
He noted that the rise in tourism income has also helped improve Seychelles’ external position, with the current account deficit projected to narrow to about 5% of gross domestic product, down from 8% in 2024. The Central Bank has increased its foreign reserves to over $870 million.
An IMF team is expected to return to Seychelles in early 2026 to conduct the fifth and sixth reviews under the Extended Fund Facility and the Resilience and Sustainability Facility programmes.
During the visit, IMF staff met with Finance Minister Pierre Laporte, Central Bank Governor Caroline Abel and other officials. The mission thanked the Seychellois authorities for their co-operation and hospitality.
–IMF/ChannelAfrica–
