Seychelles. According to Countryaah.com, Seychelles population in 2020 is estimated at 98,358. The Seychelles, whose economy is largely dependent on fishing, received a patrol boat from China during the year. The vessel improves Seychelles’ ability to fight piracy and illegal fishing in its territorial waters.
In June, President James Michel opened a new berth for transhipment on the main island of Mahé. The facility has been financed by the EU and can receive vessels up to 100 meters long.
According to topb2bwebsites, in October, Seychelles signed an accession agreement with the World Trade Organization (WTO) after 18 years of negotiations. After the terms have been approved by the WTO General Council, the agreement must finally be ratified by the Seychelles, a process which should be completed by June 1, 2015.
Thanks to a growing tourism industry, Seychelles’ economy continues to grow. To further stimulate growth, the International Monetary Fund (IMF) decided to provide US $ 17.6 million in loans over the next three years. In return, the Seychelles will take steps to reduce their government debt. According to Abbreviation Finder, SC stands for Seychelles in English. Click to see other meanings of this 2-letter acronym.