{"id":15027,"date":"2025-11-11T13:42:09","date_gmt":"2025-11-11T11:42:09","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/seychelles-economy-stronger-than-expected-buoyed-by-record-tourism-growth-imf\/"},"modified":"2026-02-27T16:27:24","modified_gmt":"2026-02-27T14:27:24","slug":"seychelles-economy-stronger-than-expected-buoyed-by-record-tourism-growth-imf","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/seychelles-economy-stronger-than-expected-buoyed-by-record-tourism-growth-imf\/","title":{"rendered":"Seychelles\u2019 economy stronger than expected, buoyed by record tourism growth: IMF"},"content":{"rendered":"<p>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\u2019s 100-day agenda and reviewed the framework for the 2026 national budget.<\/p>\n<p>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.<\/p>\n<p>&nbsp;<\/p>\n<p>He noted that the rise in tourism income has also helped improve Seychelles\u2019 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.<\/p>\n<p>&nbsp;<\/p>\n<p>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.<\/p>\n<p>&nbsp;<\/p>\n<p>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.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;IMF\/ChannelAfrica&#8211;<\/p>\n","protected":false},"featured_media":13185,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15027","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The International Monetary Fund (IMF) says Seychelles\u2019 economy is performing better than expected in 2025, supported by record tourist arrivals and low inflation.","published_date":null,"news_description":"The International Monetary Fund (IMF) says Seychelles\u2019 economy is performing better than expected in 2025, supported by record tourist arrivals and low inflation.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15027\/revisions"}],"predecessor-version":[{"id":19440,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15027\/revisions\/19440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13185"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15027"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}