Investors in Seychelles dollar debt are being rewarded with region-beating returns almost six years after the Indian Ocean archipelago defaulted as an improvement in tourism spurs economic growth.
State Assurance Corp. of Seychelles, the biggest insurance provider on the island nation, in July will become the Seychelles Securities Exchange’s first listing.
Seychelles President James Michel nominated central bank Governor Pierre Laporte as finance minister for the island nation.
The Seychelles Securities Exchange is in talks with two foreign companies about listing on the bourse, which officially opened on Nov. 30.
A Carnival Corp. cruise liner is being towed to the Seychelles after a fire erupted onboard, the second accident involving one of the company’s vessels in six weeks.
Following is the text of the mission statement from the International Monetary Fund visit to Seychelles:
Former Ambassador Price Says Potential for 9/11 Attack (Audio)
John Price Says U.S. Military `Trained to Win'
Former Ambassador Price Says U.S. Diplomacy `Lacking' (Audio)