Cases / Debt-for-nature swap · Seychelles · 2016
Seychelles 2016 debt-for-nature swap listed among TNC Nature Bonds
Short record: the main facts, with sources. A full case file has not been prepared.
Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
- The record does not name which of my species, waters, soils or forests were harmed.
A 2016 pilot debt-for-nature swap in Seychelles is among The Nature Conservancy's Nature Bonds. The sources reviewed do not give the amount, the lenders or the conservation terms.
What?
Seychelles ran a 2016 pilot debt-for-nature swap that The Nature Conservancy counts among its Nature Bonds; the sources reviewed do not give its terms.
Where?
Seychelles
When?
2016
Who?
Gained
None on recordLost
None on recordHarmed
None on recordWhy?
Not stated in the sources reviewed.
How?
Not stated for this swap. Across debt-swap deals generally, Reuters reported in May 2025 that DFC insured over half of those done in the last five years. Reuters (via Yahoo Finance)
5 of 6 questions answered from the record · open: who
What happened
The record, in order.
The Nature Conservancy lists a 2016 Seychelles pilot among its Nature Bonds, alongside Belize, Barbados, Gabon, the Bahamas and Ecuador (2024).
The Nature Conservancy expects about US$1 billion in conservation funding from the Nature Bonds programme as a whole.
In court and with insurers
Every proceeding and every insurer decision on record.
Lawsuits and rulings
No court case on record. No court has ruled on this case.
Insurers
No insurer decision on record.
What we don't know
Undisclosed, unproven, untried: recorded as data.
Nature
- Not measured Harm to nature: The record holds no measurement of harm to nature.
Record
- None on record The sources reviewed do not give the swapped amount, the creditor, the arrangers, the insurer or the conservation commitments for the Seychelles swap.
- Unclear Whether DFC or any other insurer covered the Seychelles swap is not stated.
- None on record The sources reviewed do not show the outcome of the Seychelles conservation commitments.
Did the harm stop?
Not stated in the sources reviewed.
Who paid?
Not stated in the sources reviewed.
Sources
Voices on record: — Company or project— Government and regulators— Courts✓ Press and investigations— Communities and civil society— Researchers
Press and investigations
- Reuters analysis of US climate pullback and debt-swap insuranceReuters (via Yahoo Finance) · 2025-05
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