Christian Cacciamani on Unsplash
Foreign debt and vast ocean: successfully financing marine conservation in Seychelles
World Ocean Initiative, The Economist Group Tourism
Seychelles and other small island developing states are facing similar challenges: climate change, loss of livelihoods, financial volatility and reliance on at best a handful of economic activities. The global covid-19 pandemic made one thing very clear: as profitable as tourism can be, dependence on this sector comes with an intrinsic vulnerability.
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