African Development Bank loans Seychelles $20 million to cover budget gap
The African Development Bank (AfDB) has approved a $20 million loan to support the Seychelles' government budget, said a top official on Thursday. The loan, payable over a period of 17 years, with an eight-year grace period, is part of economic reform Seychelles is undertaking with the support of the International Monetary Fund (IMF). The [...]