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Seychelles swaps part of national debt to fund conservation efforts

The Nature Conservancy an American organisation purchased $21m worth of Seychelles debt held by European nations including the UK and France. In return, Seychelles agreed to legislation to protect thirty per cent of its oceans – an area almost double the size of Great Britain. Could this be a model for other ocean nations? The Âé¶¹Éç’s Catherine Byaruhanga has been finding out.

(Photo: Aerial view of Silhouette Island, Seychelles. Credit: DeAgostini/Getty Images)

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5 minutes