16 June 2020 – Collaborative meetings on the economic response to COVID-19

Type of Intervention: Executive Order, New Tool / Service / Body
Sectors Involved: Central Bank, Finance/Economy, Private Sector and Businesses
Level of Jurisdiction: National
Lead People/Agency: Central Bank, Private sectors and Board of Central Bank.

Overview: President chaired another consultative session with key representatives of government and private sector at State House. Sixth session follows a series of collaborative meetings on the economic response to COVID-19. Members also reviewed the ongoing implementation of the Financial Assistance for Job Retention programme (FA4JR) that has been extended to December 2020.
Representatives of the private sector expressed their concerns regarding alternative schemes for small and medium sized businesses who are also in need of financial assistance and urged the Government to consider these concerns.
Members present also commented on the proposed establishment of the Seychelles Employee Transition Scheme (SETS) to support those that will be made redundant as a result of the economic impacts of COVID-19.
Full details here: http://www.statehouse.gov.sc/news/4867/president-faure-chairs-meeting-with-multisectoral-representatives

Other links: 1
Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: National – government
Evidence/Justification: President chaired another consultative session with key representatives of government and private sector at State House.sixth session follows a series of collaborative meetings on the economic response to COVID-19.Members also reviewed the ongoing implementation of the Financial Assistance for Job Retention programme (FA4JR) that has been extended to December 2020.
Representatives of the private sector expressed their concerns regarding alternative schemes for small and medium sized businesses who are also in need of financial assistance and urged the Government to consider these concerns.
Members present also commented on the proposed establishment of the Seychelles Employee Transition Scheme (SETS) to support those that will be made redundant as a result of the economic impacts of COVID-19.