Economic Transformation Strategy

CHAPTER 1 / INTRODUCTION The need to orient policy and implementation to bolster inclusion is pressing with the persistent inequality of income pointing to constraints in accessing economic opportunities. These constraints could well intensify as the economy develops further and demands higher and more specialised skills. If not addressed, the constraints could cause in- creasing pressure on state spending and become a source of social tension. It is paramount to meet the participation challenge by taking a more strategic and sustainable approach to social pro- tection. This would firstly require some resources currently focused on older persons to be realigned towards mothers and children to prevent inter-generational poverty. It is also important that the current criteria for eligibility for social assistance is revised so that those in need are covered while they are provided pathways and opportunities to lead themselves and their families away from dependence on social assistance. Moreover, administrative support for the management of social assistance can be made more efficient by introducing modern information management tools and integrating datasets to related activities. Lastly, programmes for older persons should focus on promoting active and healthy ageing, favour independent living and community integration and, where specific interventions are need- ed, these should be streamlined and targeted to be more effective. Growing the private sector In terms of in ICT rankings, Seychelles is generally performing well. ICT is a small but established sector, and there is considerable scope to develop it further. Seychelles' relative isolation could perhaps be turned into an advantage by offshore data centres and ICT service providers. Work on a second submarine cable is underway; such a cable would supply the necessary redundancy in international connectivity for this sector to grow. More generally, further ICT development - which has been substantial but not yet truly "transformative" for Sey- chelles - could play a major role in reducing business costs, supporting government efficiency- particularly by greatly increasing the level of output from the public sector from the existing public servants. Public sector modernisation through the provision of e-government services to citizens and businesses, already underway, could be strengthened by addressing gaps and investing in continued reforms. There is also a need to incentivise private sector business to expand and grow sustainably in an enabling environment facilitated by the government. In transforming the economy, the blue economy can be a tool of great importance for development. The blue economy is seen as the nation's development potential through a knowledge-led approach with innovation at its heart, all the while being mindful of the importance of environmental conservation for present and future generations. As a small island state committed to the blue economy concept and the delivery of the UN's 2030 Agenda for Sustainable Development, the government of Seychelles recognises the importance of the principles of "inclusive development with opportunities for all" and "leaving no one behind". 88 28

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