Blue Bonds as a Tool for Sustainable Finance: The Republic of Seychelles as a Model

Abstract

Blue bonds are considered an innovative financial instrument within the

framework of sustainable finance, as they focus on funding projects related

to oceans and the blue economy, such as the protection of marine

biodiversity, sustainable fisheries management, and the development of

responsible marine tourism. These bonds are similar to green bonds but

specifically target environmental challenges related to water resources and

oceans, thereby contributing to addressing climate change and the

degradation of marine ecosystems.

This study aims to examine the concept of blue bonds as a tool for

sustainable finance, analyze the experience of the Republic of Seychelles

as a practical model for their implementation, and provide

recommendations to enhance their use in developing countries to support

the blue economy. The research adopts a descriptive-analytical approach,

with a particular focus on a case study of the Republic of Seychelles as a

leading example of applying blue bonds in sustainable financing.

Keywords: Blue bonds, instrument, sustainable finance, Republic of

Seychelles as a model.