What is a Blue Bond?
The blue bond is a debt instrument issued by governments, development banks or others
to raise capital from impact investors to finance marine and ocean-based projects that have positive environmental, economic and climate benefits. The blue bond is inspired by the green bond concept, which people are more familiar with.
Why did Seychelles decide to issue a Blue Bond?
Like many small island states, Seychelles’ economy is highly dependent on the ocean and on fisheries for food, nutrition and livelihoods; marine habitats, and other blue economy sectors such as tourism. After tourism, the fisheries sector is the country’s most important industry, contributing significantly to annual GDP and employing 17% of the population. Fish products make up around 95% of the total value of domestic exports.
existing waste management coastal infrastructure and provide a diagnostic designed to define potential interventions for policy reform, alternative options for mitigating forecasted climate and weather related risks and strengthening institutional capacity for managing this risk.