Seychelles is collaborating with the World Bank to combat coastal erosion exacerbated by climate change. Discussions focused on climate finance and renewable energy, with Victoria Kwakwa, the World Bank’s Vice President, highlighting the essential voices of small island states. A completed project phase covering 300 meters of coastline was presented, symbolizing proactive measures taken by Seychelles in mitigating environmental impacts.
On November 18, 2024, Seychelles and the World Bank engaged in discussions regarding initiatives aimed at addressing coastal erosion, climate change finance, and the renewable energy sector. The meeting involved Victoria Kwakwa, the World Bank’s Regional Vice President for Eastern and Southern Africa, and Naadir Hassan, Seychelles’ Minister for Finance. Following a site visit to various coastal sites adversely impacted by climate change, discussions centered on ongoing projects and future collaborations to mitigate erosion’s negative effects on infrastructure and the environment. The completed first phase of the coastal erosion project, which spans 300 meters and has incurred costs of SCR2.1 million (approximately $152,000), illustrates Seychelles’ proactive approach to this pressing issue. During their meeting, Kwakwa emphasized the significance of understanding the voices of small island nations in the face of climate challenges and reaffirmed the World Bank’s commitment to supporting Seychelles. Hassan echoed the necessity of collaboration with development partners to efficiently align objectives given the scarcity of resources. Kwakwa is scheduled to remain in Seychelles until November 19, 2024, facilitating further dialogue on these critical issues.
Seychelles, an archipelago situated in the western Indian Ocean, faces significant vulnerability due to climate change. The country’s development, particularly along its coastlines, has aimed to support its tourism-driven economy, yet these infrastructures are now at risk due to climatic conditions. Coastal erosion has emerged as a pressing concern, prompting engagements with international financial institutions like the World Bank to seek solutions and funding for infrastructural resilience and environmental sustainability measures.
The collaborative efforts between Seychelles and the World Bank mark a crucial step in addressing the challenges posed by coastal erosion and climate change. The financial support and knowledge exchange signify a commitment to safeguarding Seychelles’ natural resources and enhancing the sustainability of its tourism sector. Ongoing discussions and initiatives will be vital in aligning objectives amongst stakeholders to ensure the effective utilization of limited resources for maximum impact.
Original Source: www.seychellesnewsagency.com
