{
  "title": "Seychelles: Central Bank Transparency Code Review",
  "publication": "IMF Staff Country Reports, September 28, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/09/27/seychelles-central-bank-transparency-code-review-523940",
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  "summary": "The Central Bank of Seychelles (CBS) sets a high benchmark for transparency, given the economic, and financial development and literacy circumstances of Seychelles, which is recognized by the stakeholders, thus maintaining a high level of trust and accountability.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Publication date: September 28, 2022\n- The Central Bank of Seychelles (CBS) sets a high benchmark for transparency given the economic, and financial development and literacy circumstances of Seychelles.\n- The CBS maintains a high level of trust and accountability as recognized by stakeholders.\n- Despite constrained human capital resources, the CBS has taken commendable actions to facilitate an open and dynamic dialogue with key stakeholders.\n- 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.\n- 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."
    },
    {
      "heading": "Key findings and thematic coverage",
      "content": "- Transparency and accountability\n  - CBS sets a high benchmark for transparency for the Seychelles context.\n  - Stakeholders recognize CBS’s transparency, contributing to trust and accountability.\n- Communication and stakeholder engagement\n  - CBS took the lead in communications on extraordinary support programs during the COVID-19 pandemic.\n  - Regular public engagement uses plain language and various communication tools.\n- Institutional constraints\n  - Constrained human capital resources are noted as a limitation for CBS.\n- Financial inclusion and consumer protection\n  - CBS is developing and implementing a broad agenda on financial education.\n  - Efforts are underway to enhance consumer protection in the financial sector."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects:\n  - Anti-money laundering and combating the financing of terrorism (AML/CFT)\n  - Central banks\n  - Crime\n  - Financial sector policy and analysis\n  - Financial sector stability\n  - Foreign exchange\n  - International organization\n  - International reserves\n  - Monetary policy\n  - Reserves management\n- Keywords:\n  - Anti-money laundering and combating the financing of terrorism (AML/CFT)\n  - CBS website\n  - CBT Review\n  - d.c\n  - Financial sector stability\n  - Global\n  - IMF central bank Transparency Code\n  - IMF mission\n  - International Monetary Fund Washington\n  - International reserves\n  - Reserves management\n\nInternational Monetary Fund. Monetary and Capital Markets Department. \"Seychelles: Central Bank Transparency Code Review\", IMF Staff Country Reports 2022, 319 (2022).\n\n---\n\n Content in this bundle\n\n- Seychelles: Central Bank Transparency Code Review; IMF Country Report No. 22/319; September 16, 2022\n  - Seychelles: Central Bank Transparency Code Review; IMF Country Report No. 22/319; September 16, 2022 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Seychelles: Central Bank Transparency Code Review; IMF Country Report No. 22/319; September 16, 2022 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 28, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400222566.002",
    "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.",
    "Transparency and accountability",
    "Communication and stakeholder engagement",
    "Institutional constraints",
    "Financial inclusion and consumer protection",
    "Subjects:",
    "Keywords:",
    "**Seychelles: Central Bank Transparency Code Review; IMF Country Report No. 22/319; September 16, 2022**"
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