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Seychelles - Systematic Country Diagnostic (English)

The Seychelles Systematic Country Diagnostic (SCD) aims to identify the most pressing constraints to inclusive, sustained growth in Seychelles, based on a comprehensive search for, and analysis of, evidence. The SCD is presented using a slide deck which lays out the analysis and results. This document provides a brief overview of the approach taken, and sets the stage for the SCD. It also provides additional information: six selected supplementary topical notes, and annexes (data diagnostic, summary of consultations, and sources). The framework adopted by the SCD takes as its starting point that Seychelles is a successful, high-income, small island state. The country now seeks to secure the sustainability of its development progress to date, to accelerate this progress, and to address a high level of public concern being reflected in political discourse over disparities in incomes and opportunities. The SCD examines Seychelles’ economic growth characteristics, the characteristics of poverty and income distribution (inclusion), and the risks to environmental, social and macroeconomic sustainability. The approach is systematic in that it attempts to be as comprehensive as possible, within the constraints of the available data, by harnessing the existing evidence and conducting new analysis where feasible, informed by consultations. Finally, the SCD sorts the 13 constraints identified into five top priorities, five additional priorities, and a further three areas which should be considered for priority action, subject to confirmation from additional analysis (‘likely priorities’). This prioritization was based on an assessment of how important each constraint was, directly, to meeting the relevant challenge, indirectly, through its potential impact in helping to loosen other constraints (complementarity), the strength of the evidence base on the importance of the constraint, and, finally, the attainability of addressing the constraint (reflecting factors such as cost, technical difficulty and timeframe).

Details

  • Document Date

    2017/07/23

  • Document Type

    Systematic Country Diagnostic

  • Report Number

    114289

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Seychelles,

  • Region

    Africa,

  • Disclosure Date

    2017/07/07

  • Disclosure Status

    Disclosed

  • Doc Name

    Seychelles - Systematic Country Diagnostic

  • Keywords

    Gross National Income Per Capita;Labor Market;knowledge gap;tourism;global credit rating agency;impact of climate change;efficiency of government programs;effect of climate change;Drivers of Economic Growth;labor force survey data;exclusive economic zone;domestic private sector;income economy;factor of production;financial sector development;social protection system;public sector spending;skill development;political competition;income inequality;state performance;dynamics of growth;high quality education;private sector participant;implementation of regulation;education for all;real estate development;human development indicator;high productivity growth;sovereign credit rating;local banking system;Foreign Exchange Reserve;independent monetary policy;current account deficit;overvalued exchange rate;local private sector;species of fish;availability of land;public sector deficit;productive marine ecosystems;sea grass beds;preferential tax treatment;large public enterprise;civil society representatives;foreign currency rating;characteristic of poverty;disparity in income;economic growth performance;equity of opportunity;source of income;source income;members of parliament;high income economy;Exchange Rates;mother and child;Agile Pilot;national poverty rate;emerging policy framework;purchasing power parity;macroeconomic and fiscal;subject to confirmation;national poverty line;Public Financial Management;business environment surveys;perception of poverty;domestic regulatory framework;total external debt;economic crisis;Public Services;state spending;fiscal risk;labor income;small states;arable land;public debt;Blue Economy;Economic Policy;small island;administrative datum;institutional framework;macroeconomic stance;Economic Management;social assistance;productivity gain;land area;debt default;strategic location;marine resource;domestic policies;social transfer;extreme poverty;sustainable use;absolute poverty;fish processing;public expenditure;market structure;sovereign debt;environmental shock;operational performance;Macroeconomic Stability;fiscal consolidation;small country;island state;institutional improvement;international market;international connectivity;Fiscal policies;global context;social outcome;public policy;local population;small population;fiscal policy;business survey;fishing industry;state capacity;budgetary resource;parliamentary majority;employment opportunity;incidence analysis;income range;global standard;multiparty democracy;youth unemployment;domestic labor;economic sector;unemployment rate;international standard;linear trend;primary sector;land surface;social progress;relative demand;institutional strengthening;empirical evidence;direct participation;reef fish;natural shock;poor household;income ladder;Coral Reef;fishing ground;evaluation system;factor accumulation;tropical island;natural environment;brand name;environmental constraint;economic volatility;labor allocation;efficiency gain;political debate;written comment;senior operations;state service;Urban Planning;property market;productive purposes;skill shortage;employment opportunities;prison population;state agency;Health Service;good monitoring;logistical support;income growth;active participant;environmental risk;economic shock;fiscal pressure;removing barriers;household survey;consumption path;data limitation;administrative requirement;electricity price;macro framework;Child care;financial buffer;external consultations;natural disaster;improving governance;input cost;fiscal measure;fiscal rule;statistical system;international benchmarking;equal access;sustainable approach;early age;public action;fiscal council;educational outcome;performance drivers;initial learning;management tool;administrative support;high share;strategic areas;high concentration;environmental vulnerability;vocational skill;indirect impact;Continuing Education;policy stability;productive resource;performance analysis;global tourism;enterprise survey;middle-income economy

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Citation

Seychelles - Systematic Country Diagnostic (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/191181499447495374/Seychelles-Systematic-Country-Diagnostic