As it has been said recently, the International Monetary Fund has released its report on Seychelles’ 4th programme review. In accordance with the review, the jurisdiction’s economic prospects are good. However, the report warns of risks from the crisis in Europe.

The Fund hails Seychelles’ performance with the IMF executive board’s deputy managing director and acting chair Min Zhu saying: “Aided by sound macroeconomic policies and timely structural reforms, the Seychelles economy rebounded strongly from the crisis of 2008-09. Medium-term prospects are good, but downside risks exist due to the crisis in Europe. Inflation has picked up recently, reflecting the delayed pass-through of global food and fuel price increases, but remains broadly in check.”

He noted that “safeguarding debt sustainability is critical for sustaining the gains from macroeconomic stabilization”. Also, he mentio

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If youre considering a payday loan this holiday season, I hope my story changes your mind.

I dont remember how long ago exactly, but a few years back I was strapped for cash and couldnt pay my rent. Thats when a friend of mine told me about the magic of payday loans! I could write them a post-dated check for up to $500 and theyd spot me the money until I got paid. Sure, Id be charged $75 for the convenience but that was a price I was happy to pay when the roof over my head was at stake.

What I didnt anticipate is that this one-time loan would snowball into a years long obligation that cost me thousands of dollars and countless hours of stress and guilt.

Had it been a one-time thing, youd be reading a success story. The problem is that payday loans prey on people who live paycheck-to-paycheck.

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Quick Answers to Your Queries

Whenever you have a question about spread betting or our dealing platform, the solution is easy to find.

Our Help and Support section and Customer Service team are available 24 hours a day, seven days a week. We also provide regular updates and feedback on Twitter, if you’d like to get in touch with us that way.

For an instant answer to your questions, visit our Help & Support section. You can access this area of the website by clicking the ‘Launch Help and Support’ button at the top right hand side of the screen, below the client login button.

Alternatively, you can follow our Chief Market Strategist David Jones on Twitter at @DavidJones_IG.

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An industry friend of mine recently told me the story of a prospect of hers that needed factoring rather quickly. The company had some financial problems but also had good potential. My friend and the prospect had also developed a good rapport so she thought there were a good match she wanted to move forward. Like many factoring financing companies, my friend’s company charges a due diligence fee to the customers. This is used to defer the expenses of going through all the reviews, searches and filings that are required before funding an account. The fee is just a couple hundred dollars and most prospects pay it by check.

In this case   the prospect’s check bounced.

What do you think happened next? When confronted by this, the prospect presented a number of excuses and explanations. I am sure they were all valid. Howeve Read full post…

Landlords always want to find right tenants. This is very important for income stream and allows avoiding problems. Also a resident who needs some help with taking over the lease can find a tenant through tenanthunter.com. A professional tenant find agency can save you a lot of money and time in getting right tenants.

If you prefer to choose a tenant on your own, then there are some steps you should know about. Always check if a tenant has a good credit history. It seems reasonable for young people to have little or no history. Read full post…

Seychelles and Guernsey are to sign a Tax Information Exchange Agreement (TIEA).

Guernsey has announced that it will conclude 6 bilateral Tax Information Exchange Agreements (TIEAs) negotiated with members of the Southern African Development Community (SADC), in line with the Organization for Economic Co-operation and Development’s (OECD) priority of working closely on tax issues with developing countries. The tax treaty between Guernsey will be signed. Also, Guernsey is to sign the agreements on sharing tax information with Botswana, Lesotho, Malawi, Swaziland and Zambia.

Ron van der Merwe, Chair of the Tax Agreements Working Group of the SADC, said: “The multi-party TIEA negotiations between 6 SADC member states and Guernsey is considered to be a major step forward in creating a basis for exchange of information for SADC members. Thi

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A U.K. study found that two thirds of kids 12 to 16 are worried about not having enough money in the future. The poll conducted by the Personal Finance Education Group, a charity focused on financial education, surveyed 1,000 kids between the ages of 12 to 16.

Will they have too much credit card debt?

Among the survey’s findings, 62 percent are worried about not having enough money and 30 percent worry about being in debt in the future. The poll also found that 77 percent of kids want to attend a university in the future, but half of them worried about getting a job later in life even if they get a degree.

Most of the kids polled (95 percent) said is important to learn to manage their money. T

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