Indian Ocean paradise exceeds IMF expectations

Thanks to the International Monetary Fund's extended fund facility and the ensuing fiscal reforms, the Seychelles ran a primary budget surplus of 9.4 percent in 2010.

The government subsequently approved extra spending in 2010 of $6.4 million to boost investment in infrastructure, particularly roads, waste disposal and housing, health and additional debt repayment.

The tourism industry and its related services is the lifeblood of the Seychelles economy, accounts for 75 percent of gross domestic product.