Closing : 31 Dec 2026 Updated : 17 Feb 2026

Economic Resilience and Green Recovery Support Program

Multisectorial — Seychelles

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Description

The Economic Resilience and Green Recovery Support Program (ERGRSP) is a programmatic program structured in three successive annual phases covering the years 2024, 2025, and 2026. Designed as a budget support and reform instrument, the program is implemented under the leadership of the African Development Bank, co-financed by the World Bank and the International Monetary Fund, with close coordination among technical and financial partners. Phase 1 (2024) laid the groundwork for priority reforms. Phase 2 (2025, ongoing) deepens economic governance, diversification, support for the private sector, and the integration of the green recovery. Phase 3 (2026) will consolidate the achievements, strengthen the sustainability of the reforms, and maximize their structural impact. Its intervention logic is based on three pillars: improving productivity through employment and innovation, strengthening climate resilience through sustainable infrastructure, and mobilizing private financing for sustainable development.

Objectives

💼 Boost economic productivity:
Create jobs for young people and women, streamline business operations, and promote tourism innovation.

✨ Strengthen climate resilience:
Integrate climate action into development through renewable energy, waste management, and disaster preparedness to protect islands.

🏦 Improve access to finance:
Mobilize private capital for SMEs and green projects through climate guarantees and loans.

📈 Ensure inclusive growth:
Support macroeconomic stability and adaptation to future shocks.

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Climate and Sustainable Development
local SMEs
315 000 000 $

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