Posts tagged debt for nature swap
Africa's global biodiversity hotspot

BBC

March 16, 2022
Made up of 115 islands dotting the Indian Ocean off East Africa, Seychelles is known as a global hotspot for biodiversity. With as much as 85% of its animals and 45% of its plant species considered endemic, the archipelago is sometimes called the "Galapagos of the Indian Ocean". And both on land and in the ocean, different groups are working to preserve this ecological paradise.

This year, after creating a sophisticated zoning plan and completing extensive conversations with representatives from the country's tourism, fishing, petroleum and conservation efforts, the island nation is prepared to fully implement the landmark Marine Spatial Planning Initiative it announced several years ago: to protect 30% of its ocean territory. Tourism, climate change and other factors have already greatly impacted the environment of the Seychelles' more populated "Inner Islands", so this agreement – part of a deal to write off its national debt in exchange for conservation measures – is now aimed at protecting its 72 low-lying coralline "Outer Islands" from development before it's too late.

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