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President of Seychelles highlights country's achievements in Blue Economy at summit in Kenya

Victoria, Seychelles | December 10, 2019, Tuesday @ 14:05 in National » GENERAL | By: Betymie Bonnelame | Views: 2638
President of Seychelles highlights country's achievements in Blue Economy at summit in Kenya

Faure focused his interventions on investment in the Blue Economy in which Seychelles has secured innovating financing. (State House/Facebook)

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(Seychelles News Agency) - President Danny Faure highlighted Seychelles' achievements in the Blue Economy in a presidential dialogue at the ACP Business summit held in Nairobi, Kenya, State House said on Monday.

The presidential dialogue held on Sunday was on the implementation of investment plans and concrete projects to promote industrialisation in the African, Caribbean and Pacific regions.

Faure focused his interventions on investment in the Blue Economy in which Seychelles has secured innovating financing, including the $15 million Blue Bonds proceeds and the $800,000 grant under the African Development Bank Fund for Africa private sector assistance.

The Seychelles’ head of state also answered panel questions on climate change response and preparation and said that “most ACP countries are unprepared for the devastating effects of climate change.”

The President of Seychelles, an archipelago in the western Indian Ocean, is attending the 9th African, Caribbean and Pacific (ACP) summit of heads of state and government which started on Monday and ends on Tuesday.

The theme for the summit is “A Transformed ACP: Committed to Multilateralism.”

Earlier on Monday, Faure was taken on a guided tour of the ACP Village set up in the margins of the Business Summit. The ACP Village showcased the various products, programmes and services available some of the member countries.

Faure on a guided tour of the ACP village. (State House/Facebook) Photo License: CC-BY

The African, Caribbean and Pacific Group of States (ACP) is an organisation created by the Georgetown Agreement in 1975. It is composed of 79 African, Caribbean and Pacific states, with all of them, save Cuba, signatories to the Cotonou Agreement, also known as the "ACP-EC Partnership Agreement" which binds them to the European Union. There are 48 countries from Sub-Saharan Africa, 16 from the Caribbean and 15 from the Pacific.

In the margins of the summit, Faure held bilateral discussions with Andrew Holness, Prime Minister of Jamaica. Both countries agreed to share a close engagement during the negotiation for a new ACP-EU partnership agreement, with the aim of promoting the unity of the African, Caribbean, Pacific Group of States and collaborating on SIDS issues at the ACP level.

Faure also met with Steven Davis, Deputy Prime Minister of Papua New Guinea and discussed the establishment of diplomatic relations between the two countries which they regretted should have taken place much earlier. In noting the impacts of climate change for Pacific island states, the Deputy Prime Minister welcomed the possibilities for areas of cooperation with Seychelles on tourism and climate change. 

Faure will return on December 11.

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Tags: ACP Business summit, Blue Bonds, African Development Bank, Cotonou Agreement

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