Africa Financial Sector Responses to COVID-19 - Seychelles

Jan 01, 2010

As an active actor committed to the AFS development and resilience, Making Finance Work for Africa (MFW4A) has implemented a number of recent initiatives to strengthen the resilience of the African financial sector.

In addition to its webinars series and discussions aimed at identifying the sector's difficulties and solutions, a portal dedicated to national and domestic responses to the impact of COVID-19 on the regional financial sector has been set up. Indeed, the exercise consists in collecting and classifying by country or region the measures taken by governments, central banks and DFIS in favor of the resilience of the AFS vis-à-vis the financial impact of the pandemic. 

This page presents measures and initiatives by the government of Seychelles, national central bank and Development Finance Institutions (DFIs) in favor of the resilience of the domestic financial sector facing the effects of the COVID-19 pandemic.

Thematic

Institution

Initiative title

Financing volume

Publication date

Description

Instrument

Financial inclusion

FMI

The IMF approved Seychelles’ request for emergency financial assistance

$ 31,2 millions

08/05/2020

The authorities reacted swiftly by taking immediate measures of containment, including border closures, strengthening health policy responses and supporting households and firms.

Instrument de financement rapide

https://www.imf.org/en/News/Articles/2020/05/08/pr20212-seychelles-imfexecboard-approves-us-31-2m-purchase-emergency-asst-address-covid19

 

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