| Approval Date | 08 Jul 2015 |
| Signature Date | 16 Oct 2015 |
| Planned Completion Date | 31 Dec 2017 |
| Last Disbursement Planned Date | 31 Dec 2017 |
| Sovereign / Non-Sovereign | Sovereign |
| Sector | Finance |
| DAC Sector Code | 24030 |
| Commitment | U.A 503,416 |
| Status | Completion |
The Strengthening the Financial Market project seeks to support the development of an efficient financial market and promote the overall efficiency and soundness of the financial sector. This project is expected to provide support specifically to the following areas; capital market development; money market and financial market infrastructure development and financial education. It includes the following components consultancy services: a) Review of the Mutual Funds and Hedge Funds Act; b) Insurance supervision and regulation; c) Development of a risk-based supervisory framework for pension fund supervision; d) Feasibility Study for Real Time Gross Settlement System; e) Feasibility Study for Central Securities Depository; f) National Strategy on Financial Education and Capacity Building; and g) Development of policy framework for Repo Market and Master Repurchase Agreement.
The principal objective of the project is to support the development of Seychelles financial sector through strengthening of the financial market to ensure that it maximises its contribution to the economic and social development of Seychelles.
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Funding
Middle Income Countries Fund
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Implementing
Ministry of Finance
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| IATI identifier | 46002-P-SC-H00-002 |
| Last Update | 01 Apr 2023 |
| Name | Cedrique Achille MBENG MEZUI |
| c.mbengmezui@afdb.org |