Seychelles. According to Countryaah, Seychelles – for most known for luxury tourism and tax exemptions for foreign companies – is the world’s most indebted country, according to the Jubel Debt Depreciation Campaign. Seychelles has a net debt of more than 150% of GDP, according to the Jubilee Campaign calculation presented in September. In the figures, in addition to the national debt, the movement has included foreign companies ‘and consumers’ foreign loans to get what they mean is a true picture of the real debt burden. The Seychelles, which has high GDP compared to other countries in the region, received emergency loans from the International Monetary Fund (IMF) when the country was hit by the financial crisis at the end of 2008.
Three candidates are running in the presidential election
President Danny Faure, of the United Seychelles ruling party, will face two candidates in the October 22-24 presidential election. The Seychelles Democratic Alliance (LDS) is represented by Wavel Ramkalawan, who is running for the sixth time, and former Tourism Minister Alain Saint-Ange, who is running for the newly formed One Seychelles party and pledges to liberalize cannabis use and form an expert government. Faure has promised to form a unity government if he wins, to deal with the difficult economic problems the country has suffered due to the corona crisis. In the 2015 election, there was a largely even race between Faure and Ramkalawan, only 193 votes separated them.