This web page provides information on the activities of the IMF office in Seychelles, views of the IMF staff, and the relations between Seychelles and the IMF. Additional information can be found on the Seychelles and IMF country page, including official IMF reports and Executive Board documents.

Seychelles and the IMF

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At A Glance

• Current IMF membership: 190 countries

• Seychelles joined the IMF on June 30, 1977

• Total Quotas: SDR 22.9 million

• Outstanding Purchases and Loans: 90.58 million (March 31, 2023)

• Article IV/Country Report  July 26, 2022

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Office Activites

  • Resident Representative Office inaugurated its new training room.

    Last month the Seychelles Res Rep Office inaugurated its new training room with an event for government officials and students from the University of Seychelles. The space, which holds 20-people, will provide Seychellois authorities an additional space to take the IMF online courses and host trainings and TA missions from AFRITAC SOUTH and HQ. It will also be used by economics students from the University of Seychelles. During the ceremony, the students were pleased to discover the list of trainings that they could benefit from and were delighted to learn that in some cases, there is a possibility to receive a certificate after the completion of the trainings.

    November 29, 2023

  • Presentation of the April 2023 REO for Sub-Saharan Africa

    The Resident Representative Office of the International Monetary Fund (IMF) in Seychelles has presented the April 2023 Regional Economic Outlook for Sub-Saharan Africa, on Wednesday June 21st at Maison de Mahé, Victoria. The presentation provided an opportunity to discuss the main findings of the report, namely the big funding squeeze which is afflicting the region. Present at the workshop were Officials from the Ministry of Finance, National Planning and Trade and the Central Bank of Seychelles.

    June 21, 2023

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Seychelles and the IMF

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Regional Economic Outlook

April 19, 2024

A Tepid and Pricey Recovery

After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report

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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.

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Fraudulent Scam Emails

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF