Technical Assistance Reports

Seychelles: Technical Assistance Report-Developing a Framework for Climate Budget Tagging

September 23, 2024

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Format: Chicago

International Monetary Fund. Fiscal Affairs Dept. "Seychelles: Technical Assistance Report-Developing a Framework for Climate Budget Tagging", Technical Assistance Reports 2024, 082 (2024), accessed March 19, 2025, https://doi.org/10.5089/9798400288562.019

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Summary

The Government of Seychelles is committed to promoting environmental sustainability and climate resilience, as demonstrated by its decision to prioritize climate as one of the six key areas in the National Development Strategy for 2024-2028 and through the agreements made under the IMF's Resilience and Sustainability Facility, established in May 2023. A central component of these efforts is the identification of climate-related expenditures. This report outlines the development and phased implementation of a Climate Budget Tagging (CBT) framework in Seychelles. CBT is a tailored process that involves identifying, measuring, and monitoring climate-relevant spending across government, serving as a powerful tool to integrate climate change considerations into the budget cycle. By emphasizing the importance of climate change in resource allocation and execution, CBT enhances the government's ability to prioritize climate action, with the ultimate goal of ensuring alignment with Seychelles' climate commitments and Nationally Determined Contributions.

Subject: Budget execution and treasury management, Budget planning and preparation, Climate change, Climate finance, Climate policy, Environment, Expenditure, Greenhouse gas emissions, Public financial management (PFM)

Keywords: Budget execution and treasury management, Budget execution processes, Budget planning and preparation, Chart of accounts, Climate Budget Tagging, Climate change, Climate change, Climate expenditure, Climate finance, Climate policy, Green budgeting, Green PFM, Greenhouse gas emissions, RSF Reform Measures, Seychelles.

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