Seychelles News – Seychelles Pioneers Novel Financing Instruments and taps IMF Climate Facility
Article Published on September 1, 2023
Seychelles is successfully balancing conservation and economic development by tapping innovative financing instruments. Seychelles was the first country to issue a blue bond and is now the second African country, after Rwanda, to access the IMF’s Resilience and Sustainability Facility (RSF). The latter is a funding that aims to support countries with limited budgets to address long-term challenges, such as climate change.
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