Monday, 15th October 2018, 6:15:am

Seychelles Flag

In 2009, the Public Enterprise Monitoring Division (PEMD) was set up within the Ministry of Finance with the critical role of making recommendations regarding the re-structuring, re-organising, and monitoring of all public entities so as to improve efficiency in the provision of essential services and ensure Government receives maximum returns on its investments.

A decision was taken in 2012 for the Division to transform into an independent body. Hence, under the Public Enterprise Monitoring Commission Act 2013, a Commission was formed. As a Commission, it continues and further strengthen the work of the then existed Division, but within a more autonomous structure.