Seychelles

How private finance through blue bonds affects local communities: the Seychelles experience

How private finance through blue bonds affects local communities: the Seychelles experience

Andre Standing, senior consultant at CFFA, discusses with researcher Arınç Onat Kılıç, who has recently published a paper exploring the Seychelles Blue Bond, its impact on local fishing communities and the broader implications of private finance for developing the blue economy.

The new fishing agreement between Seychelles and Taiwan is now public. But will tuna fisheries sustainability improve as a result?

The new fishing agreement between Seychelles and Taiwan is now public.  But will tuna fisheries sustainability improve as a result?

For several decades, The Seychelles’ access agreements with Taiwanese companies contained articles preventing the publication of content without prior written approval of the other party. In 2021, as part of the Fisheries Transparency Initiative process, The Seychelles Government announced it would endeavour to remove confidentiality clauses from their fishing agreement.

Financing the 30x30 agenda for the Oceans: Debt for Nature swaps should be rejected

Financing the 30x30 agenda for the Oceans: Debt for Nature swaps should be rejected

Joint statement - In the delivering on 30x30 and financing conservation, debt for nature swaps are gaining momentum. However, debt swaps should be rejected as they lack transparency and give undue power to foreign organisations over the policies of marine resources management of developing and small-island states.

Debt-for-nature swaps and the oceans: The Belize Blue Bond

Debt-for-nature swaps and the oceans: The Belize Blue Bond

This second article of our series on financialisation and the blue economy covers TNC’s recent debt-for-ocean swap in Belize, news about TNC’s “audacious plan” of other debt swaps in other countries, the history of debt swaps and how the recent swaps reflect the financialisaton of conservation and finally, why these debt swaps are worrying for small-scale fisheries.

Seychelles FITI report: Stakeholders make recommendations regarding access by fleets of foreign origin

Seychelles FITI report: Stakeholders make recommendations regarding access by fleets of foreign origin

Seychelles is the first country in the world to publish a report that assesses the compliance against the transparency requirements of the FiTI standard. The author comments on the main findings of the Multi Stakeholder Group and highlights the recommendations for foreign fleets and the importance of understanding the value of local fisheries.

Local fisheries stakeholders react to the new EU-Seychelles SFPA and protocol

Local fisheries stakeholders react to the new EU-Seychelles SFPA and protocol

As the proposal is being discussed at the European Parliament PECH committee, FBOA asks for more transparency and participation throughout the whole agreement negotiation process and expresses the necessity to reduce FADs and supply vessels in the EEZ.

European Court of Auditor's report on the management EU Fisheries Partnership Agreements: comments and recommendations

European Court of Auditor's report on the management EU Fisheries Partnership Agreements: comments and recommendations

The conclusions drawn by the Court’s report need to be deepened and broadened, since they are based only on four agreements and mostly reflect the concerns of the EU ship owners. Little consideration is given by the Court to civil society and third countries fishing communities’ interests and needs.