Implementing the Fisheries Transparency Initiative: Experience from the Seychelles

Drakeford, Ben; Failler, Pierre; Toorabally, Ben; Kooli, Elyes

doi:10.1016/j.marpol.2020.104060

Cited by 5 publications

(1 citation statement)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Third, there are a number of structural realities, such as the institutional capacity, the role of the EU in driving the national economy in Seychelles, and limited land space, that the design of the bond does not account for. The EU stands as a major trade partner for Seychelles, providing essential market access and crucial financial support for the nation's fisheries sector [40]. This deep-rooted dependence on EU markets and support represents a structural reality that necessitates thoughtful consideration in the bond's design, especially as interviewees identified that the former principal secretary to the Blue Economy department now serves as Seychelles Ambassador to the EU, further emphasising the EU's role in Seychelles' economic framework.…”

Section: Future Considerations For Blue Bondsmentioning

confidence: 99%

Evaluating the World’s First Sovereign Blue Bond: Lessons for Operationalising Blue Finance

March,

Evans,

Laing

et al. 2024

Commodities

View full text Add to dashboard Cite

The Seychelles blue bond is an innovative finance mechanism that has played a pivotal role in shaping the global landscape of blue bonds. Seychelles leadership in the blue economy sets a significant precedent. However, this precedent has also raised concerns among various stakeholders. This study evaluates of Seychelles’ sovereign blue bond, which was co-developed by the government of Seychelles and the World Bank. Three themes are explored, how the blue bond relates to other actors and donors in the blue economy space of Seychelles; how the blue bond contributes to advancing the national agenda and blue economy of Seychelles; and the key strengths, enablers and weaknesses of the blue bond. A series of considerations for future blue financing and blue bond mechanisms are presented, based on the findings of this study, to ensure that financing extends beyond blue washing and contributes meaningfully to the holistic transition to a sustainable blue economy. Our findings imply significant considerations for stakeholders in sustainable finance, suggesting ways to enhance the efficacy of blue bonds and emphasising the need for further research on their long-term impact and integration with other financial instruments.

show abstract

Section: Future Considerations For Blue Bondsmentioning

confidence: 99%