The World Bank approved a package of over $20 million for the Republic of the Seychelles to improve the conservation of its marine resources and expand seafood value chains. The package consists of a loan of $5 million from the International Bank for Reconstruction and Development (IBRD) and a grant of $5.29 million from the Global Environment Facility (GEF). In addition, a guarantee of EUR5 million from the IBRD and a credit of $5 million from the GEF’s Non-Grant Instrument Pilot will enable the future issuance of the world’s first Blue Bond by Seychelles. The Blue Bond is expected to mobilize public and private investments to finance the country’s transition to sustainable fisheries. More information on this package is available here.
FishCRIME 2017 is the third in the series of international fisheries crime symposiums initiated in 2015. FishCRIME 2017 draws together high-level participants and international experts to highlight and advance commitment to tackling the transnational and inter-continental nature of fisheries crime. This year’s edition will take place in Vienna, Austria, on 25-26 September 2017. More information available here.





