The Central Bank of Seychelles published the outcome of its Financial Stability Committee’s review of developments in Q4 2024 that could affect Seychelles’ financial stability, identifying key domestic and international risk factors and outlining priorities for 2025. Domestically, the Committee noted weak tourism performance in 2024 alongside an anticipated rebound in visitor arrivals in 2025, and reviewed main risks to the banking and non-banking sectors. It also received an overview of banking and insurance sector performance, including the status of residential and business property insurance claims following the 7 December 2023 events. Internationally, the Committee considered heightened geopolitical uncertainty and elevated trade tensions, including the United States’ shift towards imposing tariffs and the associated risk of wider trade barriers, while also noting International Monetary Fund projections for stable global growth and declining inflation and reviewing drivers of international commodity price movements. For 2025, the Committee considered a proposed work plan aimed at further developing Seychelles’ Financial Stability Framework and received an update on the country’s application to become an ordinary member of the International Organisation of Securities Commissions. The discussions highlighted the need for cross-agency collaboration and stakeholder consultation to support proposed legislative reforms.

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