The International Monetary Fund (IMF) has praised Seychelles for its robust economic performance, highlighting stronger-than-expected growth driven by record tourist arrivals. An IMF mission, led by Todd Schneider, visited Seychelles from November 3–10, 2025, as part of the organizations’ regular consultations with local authorities.
According to the IMF, real GDP growth in 2025 is projected to exceed 4 percent, supported by a tourism boom expected to surpass the record levels of 2019. Despite the economic expansion, inflation remained low at 0.3 percent through October, aided by stable food and fuel prices and a steady exchange rate.
Tourism revenue has also strengthened Seychelles’ balance of payments, with the current account deficit projected to narrow to 5 percent of GDP, down from 8 percent in 2024. The Central Bank’s foreign reserves have risen to US$878 million, equivalent to around four months of import coverage.
During the visit, IMF staff held discussions with Finance Minister Pierre Laporte, Central Bank Governor Caroline Abel, and other officials, focusing on the new government’s 100-day agenda, fiscal planning for 2026, monetary policy, and reforms aimed at reducing public debt and promoting inclusive growth.
The IMF team will return in early 2026 to conduct the fifth and sixth reviews under Seychelles’ Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs.