Seychelles- Strengthening the Financial Market


Project Summary

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

Project General Description

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.

Project Objectives

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.

Participating Organization

Funding
Middle Income Countries Fund
Implementing
Ministry of Finance

Information

IATI identifier 46002-P-SC-H00-002
Last Update 31 Oct 2019

Export

Contact Details

Name MBENG MEZUI Cedrique Achille
Email c.mbengmezui@afdb.org

Geographic Location

Country Seychelles