A World Bank (WB) delegation is presently in Seychelles to advise the government as the country is embarking on the second phase of its economic reforms.
WB delegation members Dileep Wagle and Tugba Gurcanlar are from the bank’s Finance and Private Sector Development Group.
Their mission is to see how recommendations they had made earlier are being carried out.
Wagle said the mission will also assist the government with the second public expenditure review, statistical capacity building and private sector development.
Meanwhile, the Principal Secretary for Industries Marise Berlouis who is holding discussions with the WB mission said important changes are underway to make it easier to do business in Seychelles.
Berlouis declared that the WB recommendations were made to the government as part of the economic reforms with a view to removing barriers to doing business in the country.
She added that the changes have to do with the Seychelles Investment Bureau (SIB), licensing procedures and immigration rules.
Also Berlouis averred that the WB has found that many licensing procedures are cumbersome.
A decision will be taken as to whether all businesses that are at the moment licensed need to be, and whether their licenses need to be renewed every year, she said.
Source African Press Agency