Every policy not only addresses a problem, but changes the nature of the game as well. This has to be taken into account when evaluating the overall merit of any measure. And when we look beyond instant effects, many policies lose their lustre. Eurobonds are a case in point. Granted, eurobonds would offer temporary relief to heavily indebted member states of the euro area.
Out of the 17 African countries that feature in this Index, Seychelles has scored 22 out of a possible 100 across the pillars that were assessed, with an overall ranking of 16. The question we need to ask ourselves is this: how can we get the Seychelles economy to mature and strive for continued improvement in our financial market?