BBC reports from Seychelles, where a fisherman’s project funded by a pioneering marine conservation plan aims to to protect the oceans; the country’s main income resource, while balancing the demands of people’s livelihoods and what’s better for the environment.
The Ocean Health Index (OHI) has ranked Seychelles first in Africa after the latest global assessment of ocean health. Seychelles are on the 33rd place amongst 22 countries and territories. Morocco and Egypt were ranked second and third on the continent.
The Republic of Seychelles has launched the world’s first sovereign blue bond, according The World Bank. The bond, which raised US$15 million from international investors, is a pioneering financial instrument designed to support sustainable marine and fisheries projects, demonstrating the potential for countries to harness capital markets for financing the sustainable use of marine resources.
In February 2018, the Government of Seychelles announced the creation of two new areas for marine protection covering 16% (210,000 square km) of its ocean. These new marine protections are the first milestone in creating a Seychelles Marine Spatial Plan that will cover the second-largest area of ocean in the world.
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