Seychelles: Central Bank Transparency Code Review
IMF Staff Country Reports, September 28, 2022
Source details
- Canonical URL
- Seychelles: Central Bank Transparency Code Review
Other formats
Bibliographic details
- Published: September 28, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400222566.002
Summary
- Publication date: September 28, 2022
- The Central Bank of Seychelles (CBS) sets a high benchmark for transparency given the economic, and financial development and literacy circumstances of Seychelles.
- The CBS maintains a high level of trust and accountability as recognized by stakeholders.
- Despite constrained human capital resources, the CBS has taken commendable actions to facilitate an open and dynamic dialogue with key stakeholders.
- The CBS led communications on extraordinary support programs during the COVID-19 pandemic, regularly engaging with the public using plain language and various communication tools.
- The CBS is actively promoting financial inclusion by developing and implementing a broad agenda on financial education and enhancing consumer protection in the financial sector.
Key findings and thematic coverage
- Transparency and accountability
- CBS sets a high benchmark for transparency for the Seychelles context.
- Stakeholders recognize CBS’s transparency, contributing to trust and accountability.
- Communication and stakeholder engagement
- CBS took the lead in communications on extraordinary support programs during the COVID-19 pandemic.
- Regular public engagement uses plain language and various communication tools.
- Institutional constraints
- Constrained human capital resources are noted as a limitation for CBS.
- Financial inclusion and consumer protection
- CBS is developing and implementing a broad agenda on financial education.
- Efforts are underway to enhance consumer protection in the financial sector.
Subjects and keywords
- Subjects:
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Central banks
- Crime
- Financial sector policy and analysis
- Financial sector stability
- Foreign exchange
- International organization
- International reserves
- Monetary policy
- Reserves management
- Keywords:
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- CBS website
- CBT Review
- d.c
- Financial sector stability
- Global
- IMF central bank Transparency Code
- IMF mission
- International Monetary Fund Washington
- International reserves
- Reserves management
International Monetary Fund. Monetary and Capital Markets Department. "Seychelles: Central Bank Transparency Code Review", IMF Staff Country Reports 2022, 319 (2022).
Content in this bundle
- Seychelles: Central Bank Transparency Code Review; IMF Country Report No. 22/319; September 16, 2022