An awareness campaign for the beneficiaries of blue bonds in Seychelles will begin in April

The campaign will involve different strategies that involve going around the districts to talk to fishermen and people interested in sustainable fishing.

A new campaign is to be launched in Seychelles to better inform the public about the world's first blue sovereign bond, a financial instrument designed to support sustainable projects in the sea and fisheries sector.

The campaign will begin in April with the Department of Blue Economy in the Vice President's office. "This will involve different strategies that involve going around the districts to talk to fishermen and people with an interest in sustainable fisheries," the ministry said.

The ministry added, "It will also provide information on areas in the blue economy sector in which people can embark."

The blue sovereign bond was launched at the "Our Ocean" conference in Bali (Indonesia) last October.

Seychelles reconciles the need to develop their economy and protect their natural heritage (Gerard Larose, Seychelles Tourism Board) Photo License: CC-BY

Assessed at $ 15 million over 10 years with World Bank and Global Environment Facility guarantees, the bond will support Seychelles' transition to sustainable fisheries.

Seychelles, one of the most biodiverse areas in the world, with an exclusive economic zone of 1.4 million square kilometers, reconciles the need to develop economically and protect its natural heritage.

At the conference in Bali, Island Vice President Vincent Meriton said Seychelles was honored to be the first nation to launch such an innovative funding instrument.

"The Blue Bond, part of an initiative that combines public and private investment to mobilize resources to empower local communities and businesses, will greatly help Seychelles make the transition to sustainable fisheries and preserve our oceans. by sustainably developing our blue economy, "added Mr. Meriton.

Bonds are financial instruments that mobilize public and private capital for specific activities that can generate a return on investment. Blue bonds often finance the development of sustainable fisheries.

Photo: The Blue Bond is part of an initiative that combines public and private investment to mobilize resources to empower local communities and businesses (Gerard Larose, Seychelles Tourism Board) Photo License: CC-BY

The proceeds of this obligation will be used to support the expansion of marine protected areas, improving the governance of priority fisheries and developing the blue economy of Seychelles.

Grants and loans will also be provided through the Blue Grants Fund and the Blue Investment Fund, managed by the Seychelles Conservation and Adaptation Fund (SeyCCAT) and the Seychelles Development Bank.

Seychelles, an archipelago of the Western Indian Ocean, was helped by the World Bank to develop the Blue Bond by contacting the three investors - Calvert Impact Capital, Nuveen and Prudential.

The Seychelles blue bond is partially secured by a $ 5 million World Bank bond and supported by a $ 5 million concessional loan from the Global Environment Facility, which will partially cover the interest payments of the World Bank. the obligation.

Laura Tuck, Vice President of Sustainable Development at the World Bank, said: "The World Bank is pleased to participate in the launch of this blue sovereign bond and believes that it can serve as a model for other small island developing states. and coastal countries. It is a strong sign that investors are increasingly interested in supporting the management and sustainable development of our oceans for future generations. "

Naoko Ishii, Chief Executive Officer and Chair of the Global Environment Facility, said: "The Seychelles blue bond marks an important step in our long-standing support for ocean conservation, and the GEF is proud to invest in the development of national blue economies that protect the rich marine ecosystem while supporting economic growth, improved livelihoods and job creation. "

The proceeds of this obligation will also contribute to the World Bank's Governance and Shared Growth in Fisheries Program for the South West Indian Ocean, which helps countries in the region to sustainably manage their fisheries resources and increase benefits. resulting from their fisheries sectors.

Source: Seychelles News Agency

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An awareness campaign for the beneficiaries of blue bonds in Seychelles will begin in April

The campaign will involve different strategies that involve going around the districts to talk to fishermen and people interested in sustainable fishing.

A new campaign is to be launched in Seychelles to better inform the public about the world's first blue sovereign bond, a financial instrument designed to support sustainable projects in the sea and fisheries sector.

The campaign will begin in April with the Department of Blue Economy in the Vice President's office. "This will involve different strategies that involve going around the districts to talk to fishermen and people with an interest in sustainable fisheries," the ministry said.

The ministry added, "It will also provide information on areas in the blue economy sector in which people can embark."

The blue sovereign bond was launched at the "Our Ocean" conference in Bali (Indonesia) last October.

Seychelles reconciles the need to develop their economy and protect their natural heritage (Gerard Larose, Seychelles Tourism Board) Photo License: CC-BY

Assessed at $ 15 million over 10 years with World Bank and Global Environment Facility guarantees, the bond will support Seychelles' transition to sustainable fisheries.

Seychelles, one of the most biodiverse areas in the world, with an exclusive economic zone of 1.4 million square kilometers, reconciles the need to develop economically and protect its natural heritage.

At the conference in Bali, Island Vice President Vincent Meriton said Seychelles was honored to be the first nation to launch such an innovative funding instrument.

"The Blue Bond, part of an initiative that combines public and private investment to mobilize resources to empower local communities and businesses, will greatly help Seychelles make the transition to sustainable fisheries and preserve our oceans. by sustainably developing our blue economy, "added Mr. Meriton.

Bonds are financial instruments that mobilize public and private capital for specific activities that can generate a return on investment. Blue bonds often finance the development of sustainable fisheries.

Photo: The Blue Bond is part of an initiative that combines public and private investment to mobilize resources to empower local communities and businesses (Gerard Larose, Seychelles Tourism Board) Photo License: CC-BY

The proceeds of this obligation will be used to support the expansion of marine protected areas, improving the governance of priority fisheries and developing the blue economy of Seychelles.

Grants and loans will also be provided through the Blue Grants Fund and the Blue Investment Fund, managed by the Seychelles Conservation and Adaptation Fund (SeyCCAT) and the Seychelles Development Bank.

Seychelles, an archipelago of the Western Indian Ocean, was helped by the World Bank to develop the Blue Bond by contacting the three investors - Calvert Impact Capital, Nuveen and Prudential.

The Seychelles blue bond is partially secured by a $ 5 million World Bank bond and supported by a $ 5 million concessional loan from the Global Environment Facility, which will partially cover the interest payments of the World Bank. the obligation.

Laura Tuck, Vice President of Sustainable Development at the World Bank, said: "The World Bank is pleased to participate in the launch of this blue sovereign bond and believes that it can serve as a model for other small island developing states. and coastal countries. It is a strong sign that investors are increasingly interested in supporting the management and sustainable development of our oceans for future generations. "

Naoko Ishii, Chief Executive Officer and Chair of the Global Environment Facility, said: "The Seychelles blue bond marks an important step in our long-standing support for ocean conservation, and the GEF is proud to invest in the development of national blue economies that protect the rich marine ecosystem while supporting economic growth, improved livelihoods and job creation. "

The proceeds of this obligation will also contribute to the World Bank's Governance and Shared Growth in Fisheries Program for the South West Indian Ocean, which helps countries in the region to sustainably manage their fisheries resources and increase benefits. resulting from their fisheries sectors.

Source: Seychelles News Agency

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