Swiofish3

Seychelles is undertaking an investment in the framework of the South West Indian Ocean Fisheries Governance and Shared Growth Program (SWIOFish). SWIOFish is a long term regional program of the World Bank that aims to increase the economic, social and environmental benefits for the countries of the South West Indian Ocean from sustainable marine fisheries.

Within this program, Seychelles is implementing the Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3). SWIOFish3, which is financed primarily by the World Bank and the Global Environment Facility (GEF), is supporting country-level investments over six years. The project is further financed by proceeds of  the World’s first  sovereign Blue Bond, which are being used to capitalise the Blue Grants Fund (BGF) of the Seychelles Conservation and Climate Adaptation Trust (SeyCCAT) and a loan facility, the Blue Investment Fund (BIF), administered by the Development Bank of Seychelles (DBS).

More information about the project can be accessed on the project website here