VICTORIA, Seychelles — The inaugural five-hour meeting of the newly established Joint Economic Forum was held yesterday afternoon at State House, following the initial strategic consultative meeting on May 15 between President Wavel Ramkalawan, the Minister for Investment, Entrepreneurship and Industry Devika Vidot, and key business associations. For the first time, the private sector holds the majority of representation in a national economic forum, marking a significant shift in the government’s approach to collaboration with business.
Like the previous meeting, representatives from different associations and entities that are registered under a legal framework were present, as well as the Seychelles Chamber of Commerce and Industry (SCCI). The forum is scheduled monthly, and is expected to provide a regular platform for structured dialogue between government and the private sector on issues affecting the economy, including investment, regulation, and the cost of doing business.
Speaking at the close of the meeting, Minister Vidot said the new format will allow the government to hear directly from the operators who are creating jobs and driving growth, and to respond to their concerns in a more timely manner. The forum also agreed to set up a number of working groups to take forward specific issues, including reforms to the business registration process, access to finance, and the development of special economic zones. The next meeting is expected to be held in June.
