World Bank Praises the Seychelles Government for Corruption, High Debt and Bankruptcy
A senior World Bank official has praised the Seychellois economic reform programme and governance system, saying Tuesday that these should be taken as models to be emulated by other countries.World Bank executive director for Africa Group 1, Denny Kalyalya said after meeting Seychellois President James Michel at State House in the capital Victoria that the Indian Ocean nation’s economy was doing well and generating several jobs.
“He said that Seychelles has a lot to share in terms of good governance with other World Bank member countries, particularly the success of its economic reform programme,” the Seychellois State House said after the meeting on Tuesday.
It said President Michel and Kalyalya spoke about the need to boost World Bank programmes to increase support for Seychelles for technical expertise in various sectors as well as enabling access to climate change mitigation funds for small island developing states.
Kalyalya is on a familiarisation visit to the Seychelles following his recent election to the post of executive director, representing 22 countries of Africa.
The meeting was attended by alternate World Bank executive director for Africa Group 1, Peter Larose.