"The Seychelles government has committed to protect more than 400,000 square kilometers of ocean through marine resource management over the next five years,” Matt Brown, The Nature Conservancy’s Africa conservation director, said. “This deal is a significant milestone towards that goal and is a model for ocean conservation commitments worldwide.”
"The Seychelles is an archipelago of 115 islands in the Western Indian Ocean that is vulnerable to sea level rise, as well as changing temperatures and ocean acidification. Seychelles is 99 percent ocean, and its “blue economy” is built on a productive tuna fishery and ocean-based tourism."
"The Leonardo DiCaprio Foundation is leading private-sector investments to support the Nature Conservancy in the world’s first debt swap aimed at ocean conservation and climate resiliency. The deal increases protection for the country’s waters from less than 1% to more than 30% and supports the creation of the second largest Marine Protected Area in the West Indian Ocean.
This deal was made possible through a partnership with the Seychelles Ministry of Finance, support of debt-holding nations including France, and grants from private organizations led by the Leonardo DiCaprio Foundation."