The first ever climate adaptation debt swap that also includes a strong marine conservation component was finalized recently between the Government of Seychelles and its Paris Club creditors. The agreement introduces impact investing to debt swaps and provides proof of concept for other Small Islands Developing States (SIDS) to replicate.

Photo: Blue Orange Studios

Read press release here (NatureVest)

Debt swap explained (NatureVest video)

The Nature Conservancy article here (TNC Africa)

Innovative Debt Swap (TNC Africa)