A lengthy struggle between France and Great Britain for the islands ended in 1814, when they were ceded to the latter. Independence came in 1976. Socialist rule was brought to a close with a new constitution and free elections in 1993. President France-Albert RENE, who had served since 1977, was re-elected in 2001, but stepped down in 2004. Vice President James MICHEL took over the presidency and in July 2006 was elected to a new five-year term.
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified:
none of the selected agreements
23 administrative districts; Anse aux Pins, Anse Boileau, Anse Etoile, Anse Louis, Anse Royale, Baie Lazare, Baie Sainte Anne, Beau Vallon, Bel Air, Bel Ombre, Cascade, Glacis, Grand' Anse (on Mahe), Grand' Anse (on Praslin), La Digue, La Riviere Anglaise, Mont Buxton, Mont Fleuri, Plaisance, Pointe La Rue, Port Glaud, Saint Louis, Takamaka
chief of state: President James Alix MICHEL (since 14 April 2004); note - the president is both the chief of state and head of government
head of government:
President James MICHEL (since 14 April 2004)
Council of Ministers appointed by the president
president elected by popular vote for a five-year term (eligible for two more terms); election last held 28-30 July 2006 (next to be held in 2011)
President James MICHEL elected president; percent of vote - James MICHEL 53.73%, Wavel RAMKALAWAN 45.71%, Philippe BOULLE 0.56%; note - this was the first election in which President James MICHEL participated; he was originally sworn in as president after former president France Albert RENE stepped down in April 2004
unicameral National Assembly or Assemblee Nationale (34 seats; 25 members elected by popular vote, 9 allocated on a proportional basis to parties winning at least 10% of the vote; to serve five-year terms)
last held 10-12 May 2007 (next to be held in 2012)
percent of vote by party - SPPF 56.2%, SNP 43.8%; seats by party - SPPF 23, SNP 11
Democratic Party or DP [James MANCHAM, Paul CHOW]; Seychelles National Party or SNP [Wavel RAMKALAWAN] (formerly the United Opposition or UO); People's Party (Parti Lepep) or PL [France Albert RENE, James MICHEL] (the governing party)
Since independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the pre-independence, near-subsistence level, moving the island into the upper-middle income group of countries. Growth has been led by the tourist sector, which employs about 30% of the labor force and provides more than 70% of hard currency earnings, and by tuna fishing. In recent years, the government has encouraged foreign investment to upgrade hotels and other services. At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing. GDP grew about 7-8% per year in 2006-07, driven by tourism and a boom in tourism-related construction. The Seychelles rupee was allowed to depreciate in 2006 after being overvalued for years and fell by 10% in the first 9 months of 2007. Despite these actions, the Seychelles economy has struggled to maintain its gains and in 2008 suffered from food and oil price shocks, a foreign exchange shortage, high inflation and large financing gaps, with GDP growth reduced to about 3% in 2008. In July 2008 the government defaulted on a Euro amortizing note worth roughly US$80 million, leading to a downgrading of Seychelles credit rating. Seychelles requested an IMF Stand-By Agreement in December 2008.