| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 35.00 |
Seychelles First Fiscal Sustainability and Climate Resilience Development Policy Financing
Abstract*
The development objectives of the First Fiscal Sustainability and Climate Resilience Development Policy Loan in Seychelles support the government’s effort to: (i) strengthen medium‐term fiscal sustainability; (ii) build resilience and (iii) strengthening policies for inclusive and sustainable growth. The series supports crucial structural reforms to improve the post-pandemic recovery potential of the Seychelles economy and strengthen the resilience... Show More
Development Objective
The Program Development Objectives are to support the government’s effort to: (i) strengthen medium-term fiscal sustainability; (ii) build resilience and (iii) strengthening policies for inclusive and sustainable growth
Key Details
Project Details
P176420
Closed
Sashana Whyte
The Republic of Seychelles
October 1, 2021
(as of board presentation)
December 16, 2021
December 21, 2021
US$ 0.00 million
MINISTRY OF FINANCE, ECONOMIC PLANNING AND TRADE
2022
US$ 35.00 million
N/A
August 22, 2023
December 23, 2022
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 35.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 35.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 22, 2024 | IBRD-93220 | Int Charges | 1,183,395.90 |
| Jul 22, 2024 | IBRD-93220 | Int Charges | 7,491.76 |
| Dec 16, 2021 | IBRD-93220 | Loan Commitment | 35,000,000.00 |
| Jan 15, 2024 | IBRD-93220 | Int Charges | 1,176,784.00 |
| Jan 15, 2024 | IBRD-93220 | Int Charges | 14,949.50 |
| Jan 15, 2023 | IBRD-93220 | Int Charges | 39,721.22 |
| Dec 30, 2021 | IBRD-93220 | Loan Disb | 34,912,500.00 |
| Jul 15, 2023 | IBRD-93220 | Int Charges | 46,014.25 |
| Jul 15, 2023 | IBRD-93220 | Int Charges | 996,149.00 |
| Jul 15, 2022 | IBRD-93220 | Int Charges | 19,160.25 |
| Jul 15, 2022 | IBRD-93220 | Int Charges | 235,599.81 |
| Dec 21, 2021 | IBRD-93220 | Loan Disb | 87,500.00 |
| Dec 21, 2021 | IBRD-93220 | Fee Charges | 87,500.00 |
| Jan 15, 2023 | IBRD-93220 | Int Charges | 758,784.30 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Moderately Satisfactory | 2022-05-10 |
| Program Management | Satisfactory | 2022-05-10 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2022-05-10 |
| Monitoring and Evaluation | Satisfactory | 2022-05-10 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Percentage of SOEs that have published their annual reports Value 0.00 0.00 3.00 Date November 16, 2021 March 4, 2022 December 31, 2024 Comment Number of SOES using climate smart PIM Value 0.00 0.00 2.00 Date November 16, 2021 March 4, 2022 December 31, 2024 Comment Business Tax Revenue (SCR Millions) Value 1197.00 1433.40 1888.00 Date November 16, 2021 March 4, 2022 December 31, 2024 Comment Percentage of planning decisions informed by an analysis of hazard and climate risks as stipulated in the Physical Planning Bill and subordinate regulations Value 0.00 0.00 80.00 Date November 16, 2021 March 4, 2022 December 31, 2024 Comment Percentage of legal entities that have submitted verifiable ownership information on the database held by FIU Value 0.00 82.00 80.00 Date November 30, 2021 March 4, 2022 December 29, 2023 Comment Share of banked population that use electronic/internet banking Value 8.00 8.00 20.00 Date November 16, 2021 March 4, 2022 December 31, 2024 Comment Number of Aquaculture Businesses registered or licensed Value 0.00 8.00 4.00 Date November 16, 2021 March 4, 2022 December 31, 2024 Comment Gender assessment in the fisheries sector conducted Value No No Yes Date November 16, 2021 March 4, 2022 December 31, 2024 Comment Percentage of infractions to the Mahé Plateau Regulations during controls Value N/A Not Yet Available Decrease in the number of infractions (down by 20% Date November 16, 2021 March 4, 2022 December 31, 2024 Comment Number of patrols to monitor compliance with the Mahé Plateau Regulations. Value N/A Not Yet Available Information to be taken from the Monitoring Contro Date November 16, 2021 March 4, 2022 December 31, 2024 Comment