Knowledge base

The Seychelles Policy and Institutional Review report represents the first assessment document for the country under the BIOFIN initiative. An extensive desk review of the legal and policy framework, pertaining to biodiversity with a focus on the financial provisions. 

The setting up of the BIOFIN Steering Committee which was co-chaired by the Ministry of Environment, Energy and Climate Change and at the time the Ministry of Finance, Trade and Blue economy, allowed for a thorough consultative process with stakeholders (for the PIR), and attendance by civil society representatives and key government officials involved in biodiversity conservation. 

The Seychelles FNA  was in essence a Costing of the NBSAP 2011-2015 which amounts to SCR320 million.

The Biodiversity Expenditure Review was the first of its kind in Seychelles. It estimated total expenditure on biodiversity across the Public Sector, NGOs and the Private Sector at an average SCR150 million per annum for the period 2011-2015. Of this amount an average of SCR100 million was expended by the Public Sector alone. It should be underscored that total spending on biodiversity was less than 2% of the total public sector budget.

The Seychelles BFP aimed to present a coherent and comprehensive national approach to biodiversity finance, including a mix of finance solutions, by engaging the public sector, private sector and civil society, in support of the implementation of the current and future NBSAPs.

A poster produced about Finance Solutions in Seychelles for the 3rd Global Biodiversity Finance Conference in Chennai, India