Island Nation Seychelles Praised for Launching World’s First Sovereign Blue Bond
By Jaya Ramachandran
NEW YORK | BALI (IDN) – The Government of the Republic of Seychelles, an archipelago of 115 granite and coral islands in the Indian Ocean, off East Africa, has been acclaimed for showing “the leadership to create the world’s first sustainable Blue Bond”.
The pioneering financial instrument was launched within four weeks of the High-Level Forum the government of Seychelles organised together with the 79-member African, Caribbean and Pacific (ACP) Group of States at the United Nations headquarters in New York focusing on the emerging new “blue economy” underlining the protection and preservation of the world’s heavily-exploited oceans.…