Development in the small island state of Seychelles is guided by a vision informed by the ideals of
economic growth, social justice and equality and environmental conservation: the pillars of
sustainable development. Compared to many other small island states, Seychelles has achieved
much in terms of the environment and social welfare. However, due to a combination of internal
economic imbalances and vulnerability to changes in the global economic situation Seychelles has
become one of the most indebted small countries in the world.
In attempt to rectify economic imbalances, and safeguard social and environmental gains, the
country has over the last five years embarked on an ambitious economic reform programme. In
2008, the International Monetary Fund was invited to help guide and assist with this reform
programme , and by all accounts the reforms appear to be on track.