Economic Transformation Strategy

CHAPTER 2 / BROAD STRATEGY FOR DEVELOPMENT PILLAR 1: GOOD GOVERNANCE Good governance is defined as the traditions and institutions by which authority in a country is exercised. This in- cludes the processes by which governments are selected, monitored and replaced; the capacity of the government to effectively formulate and implement sound policies; and the respect accorded by citizens and the state for the institutions that govern economic and social interactions - which include respect for the rule of law, transparency and accountability of government actions, the quality of service delivery, and the government's capacity to promote private sector development. Good governance was identified as a key pillar to facilitate the achievement of Vision 2033 because of its central role in the proper functioning of all institutions across all pillars. Good governance will ensure that there will be capacity to pursue the goals for each pillar and ensure the plan is implemented properly. This will ultimately result in the timely and cost-effective delivery of the NDS and Vision 2033. Furthermore, good governance is important for the implementation of the Sustainable Governance Framework. According to the World Bank's World Governance Indicators (WGI) for 1996 to 2017, Seychelles governance was marked by early stagnation, which in some areas improved post-2008. The WGI is divided into six dimensions, namely: Voice and accountability, Political stability and absence of violence/terrorism, Government effectiveness, Regulatory quality, Rule of law, and Control of corruption. The index ranges from -2.5 (worst outcome) to 2.5 (best outcome). For the dimension Voice and accountability, except for a short period of significant positive change in 2005, the trend shows general decline, until 2015. Seychelles' most recent score (2017) was 0.19. This was higher than the world average, as well as the regional average for sub-Saharan Africa. However, Seychelles' score remains below average compared to income peers. 40 40

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