• dharmon

Seychelles | In exchange for debt relief from TNC, government agrees to designate large area as MPAs

VICTORIA (Reuters) - The island nation of Seychelles designated some of its fragile coastal areas for protection from commercial fishing, oil exploration and development this week in return for a novel deal relieving it of part of its sovereign debt.


The Indian Ocean island, rich in underwater reefs and postcard-perfect beaches, defaulted on its debt in 2008 and clawed its way back to prosperity with assistance from the International Monetary Fund.


https://www.reuters.com/article/us-seychelles-environment/seychelles-preserves-swathes-of-marine-territory-in-debt-for-nature-deal-idUSKCN1G61M5

Recent Posts

See All

1-906-281-3984   |   dhec@davidharmon.us