“With funds from both the debt-swap and the blue bonds, we were able to provide grants financing for seven projects that are innovative and will provide valuable data to enhance our understanding of our marine space,” said the fund’s chief executive, Angelique Pouponneau.

SeyCCAT -- an independent trust fund -- is mandated to provide a sustainable flow of funds to support marine-related projects and other activities that contribute substantially to the conservation, protection and maintenance of biodiversity and the adaptation to climate change. All the projects involve local and international partnership as well as the government of Seychelles, a group of 115 islands in the western Indian Ocean, and the private sector.

SeyCCAT  has also opened its third call for project proposals which will runf from 2 April to May 15 2019. They target to disburse up to $750 000. Details on types of projects they are looking for can be found here: https://seyccat.org/how-to-apply/#our-blue-funds

Source: Seychelles News Agency and SEYCCAT