National Research and Development Council Act, Act 20 of 1980
Section 4: The functions of the Council shall be a) to advise the Government on a national research and development policy […]
b) to identify research and development facilities consonant with the national development objectives;
c) to ensure the application of the results of research activities to national development and for the
welfare of the people of Seychelles;
d) to initiate, support, coordinate and monitor research and development activities of the nation and
ensure maximum utilisation of research resources;
e) to maintain relationships with corresponding research and development organizations in other
countries […] etc.
Development Loans Act, 1/01/1977, updated 31/12/1979. Laws of Seychelles.
Section 3.1: "Subject to this Section, the Minister is authorised on behalf of Seychelles, to borrow,
from time to time, a sum or sums of money for the purpose of financing the Plan or any scheme
project or programme for which provision is made in the Plan.
2: The Minister shall not […] borrow any sum of money unless the People's Assembly
has, by resolution on a motion by the Ministera) approved the borrowing
b) approved the rate of interest (if any)
c) approved the terms of which repayment is to be made
Seychelles Industrial Development Corporation Act, 1/12/1988
Section 8.1: "The functions of the Corporation shall bea) to develop and manage the development of any place in Seychelles designated by the Government
as an industrial zone;
b) To construct buildings for industrial, commercial and other purposes and to sell, lease out,
manage […] those buildings […];
c) To promote […] investment in home or cottage craft and manufacturing industries in
Seychelles;
d) […] to invest and home or cottage craft and manufacturing industries in Seychelles.
e) To provide material services, research services and any other services in connection with the
development of home or cottage craft and manufacturing industries in Seychelles"
Central Bank of Seychelles Act, 1/01/1983
Updated by Act 6 of 1986
Section 4: "The objectives of the Bank area) to regulate the issue, supply and availability of money and its international exchange;
b) to advise the Government on banking, monetary and financial matters […]
c) to promote internal and external monetary stability;
d) to promote a sound financial structure; and