Seychelles: Selected Issues

June 20, 2017

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Seychelles: Selected Issues, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Summary

This Selected Issues paper discusses measures to enhance resilience to climate and natural disasters in Seychelles. Rising sea levels, changing rainfall patterns, increasingly intense and frequent tropical cyclones, and massive coral bleaching are compounding economic and social risks in Seychelles. A policy mix focused on combining adaptation and mitigation strategies is ideal for Seychelles. Such policies should not only be aligned with Seychelles’ Nationally Determined Contribution, but also with the technical and financial capacity of the government. Experience from other small states suggests that small policy changes can still have a significant impact. To the extent adaptation and mitigation measures are inadequate, insurance policies and innovative financial instruments need to be exploited further.

Subject: Climate change, Economic sectors, Environment, Monetary base, Money, Natural disasters, Public debt, Tourism

Keywords: Adaptation investment, Africa, Caribbean, Climate change, Climate change investment scenario, CR, Current account position, Economy, GDP ratio, Global, ISCR, Monetary base, Natural disasters, Pacific Islands, Seychelles, Seychelles government, Spending, Tourism, Tourism economy

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/161
Stock No:

1SYCEA2017003
ISBN:

9781484304792
ISSN:

1934-7685

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