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Promoting action to build resilient and sustainable island communities

Seychelles Blue Economy Vision

Launched in 2014 to promote ocean based sustainable and resilient development as a pathway to Seychelles’ shared prosperity, the initiative focuses on the sustainable use of its coastal and ocean environments including fisheries and tourism, economic diversification, food security, and the protection of its unique natural assets for the benefits of all Seychellois.

Seychelles Grande Soeur. Photo credit: Raymond SahuquetImpact

  • Designated 30% of the coastal zone as marine protected areas by 2020, based on a marine spatial planning process undertaken across the entire 200 nautical mile Exclusive Economic Zone.

  • Leveraged more than US$ 20 million through world’s first debt-for-adaptation-swap that contributed to capitalising an endowment of US$ 6.6 million.

  • Established the Seychelles Conservation & Climate Adaptation Trust (SeyCCAT) that will competitively grant at least US$ 750,000 per annum to support the blue economy.

  • Transitioning to sustainable artisanal fisheries from open access to rights based management over 10 years and  strengthening value chain benefits and local investment

  • Raising a sovereign blue bond  of 15 million over 10 years, with GEF and World Bank guarantees complemented by additional US$ 10.3 million in WB and GEF Loan and grants and

  • Establishing a blue grant and a blue investment funds  to be disbursed annually by SeyCCAT and the Development Bank of Seychelles.

Contact Point

Rebecca Loustau Lalanne, Office of the Vice-President, Government of Seychelles

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Commitments news

 
 
Seychelles Blue Economy
Seychelles Blue Economy
Seychelles Blue Economy Vision Launched in 2014 to promote ocean based sustainab...
Island Resilience Initiative
Island Resilience Initiative
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Palau National Marine Sanctuary
Palau National Marine Sanctuary
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BEST Challenge
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Malama Honua Worldwide Voyage
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Aloha+ Challenge
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Caribbean Challenge Initiative (CCI)
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 “We are charting a path for future generations, stressing the importance o...
Micronesia Challenge
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“Above all, the peoples of Micronesia share a common understanding that we are...
Western Indian Ocean Coastal Challenge (WIOCC)
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"When you live on an island, climate change is a reality that you wake to face e...
Phoenix Island Protected Area
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Phoenix Islands Protected Area (PIPA) was declared by the Government of Kiribati...