A new plan to protect the water around the Seychelles
THE Seychelles is an archipelago of 115 mostly tiny islands, whose collective area, at 460 sq km, is only about a third of London’s. But the country’s granite islands and coral atolls sit within an exclusive economic zone of 1.4m sq km. It is here, in the ocean, that conservationists are working on a new way for small countries to protect their marine environment.
The Seychelles’ economy relies on tourism and tuna. These depend on healthy seas. But paying for conservation is a challenge, says Didier Dogley, the environment minister. So last year the country struck a deal with The Nature Conservancy (TNC), an American NGO. It promised to protect 30% of its waters by 2020—half of this area will be off-limits to fishing. In return, TNC bought up $21.6m of debt owed by the Seychelles to the Paris Club of international creditors. It will allow the country to pay it back at a lower interest rate over a longer period.
Some of the money that the Seychelles saves...