CBS publishes annual report and financial statements for 2015 |06 April 2016

With the aim of promoting transparency, the Central Bank of Seychelles (CBS) is henceforth giving notice of the customary publication of its Annual Report.

Consistent with Section 47(4) of the CBS Act 2004 (as amended), the CBS published its Annual Report for the year 2015 on March 31. 

The publication also includes a certified copy of CBS’ Financial Statements and Auditor’s Report for the year ending December 31, 2015 which is based on the outcome of an independent assessment by CBS’ external auditor.

The Report gives a brief summary of the main international economic developments as well as detailed analysis of the performance of the Seychelles’ economy on the basis of available information. 

A review is provided of the four main economic sectors, namely Real, Monetary & Financial, Government Finance and External. 

Hence, the Report includes analysis of key economic indicators such as GDP or overall performance of the economy, inflation, exchange rate movements, interest rates, changes in credit, fiscal outcome, public external debt as well as foreign reserves. 

To the extent possible, the Report also covers the key economic challenges faced during the year and gives a brief view of the overall outlook for the year 2016.

The Report also provides a summary of the main activities undertaken by CBS during 2015.

The Report is available on the CBS’s website (www.cbs.sc).