President Wavel Ramkalawan was officially presented a copy the Central Bank of Seychelles Annual Report 2020. This took place, during a courtesy call by the Governor of the Central Bank, Ms Caroline Abel at State House yesterday.

The report includes a certified copy of CBS’ Financial Statements and Auditor’s Report for the year ending December 31, 2020, which is based on the outcome of an independent assessment by Deloitte Touche Tohmatsu Limited (South Africa) on behalf of the Auditor General, as per section 19 of the Auditor General Act, 2010, read with Section 47(3) of the CBS Act, 2004.

The Annual Report provides an overview of performance across the various sectors of the domestic economy in 2020, taking into consideration the impact of external developments.

President Ramkalawan commended the Central Bank of Seychelles for its remarkable achievements under the leadership of Governor Abel for the outstanding work that they are doing. “The Central Bank Team is doing exceptional work and today I would like to convey my sincere appreciation to you and your team for all your hard work. Amidst the COVID-19 pandemic and global economic crisis, the Central Bank has play a critical role as a strong independent institution guiding the country into taking tough but also informed decisions,” said President Ramkalawan.

The meeting was also an opportunity for Governor Abel to brief the President on key projects they are engaged in and the way forward to further support citizens in the community and the country.

Speaking to the press after the meeting, Governor Abel thanked the President for his words of encouragement, which she described as a source of motivation for the CBS Team to continue striving to great heights for the benefit of the people and the country.