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SWIOFish3, a government-funded project, was financed by loans and grants from the World Bank and the Global Environment Facility (GEF). The project became effective in April 2018.
The SWIOFish3 project has significantly contributed to the development of entrepreneurship and increased business ventures in the Blue Economy sector in Seychelles over the past five years.
The six-year project, which ended on June 31, provided the foundation for the Blue Investment Funds, which supported innovations in the Blue Economy. Its objective was to improve the management of marine areas and fisheries in targeted zones and strengthen fisheries value chains in the Seychelles, a 115–island archipelago in the western Indian Ocean.
The Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) was part of the wider World Bank SWIOFish program, which aimed to increase the economic, social, and environmental benefits of marine fisheries in the southwest Indian Ocean.
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SWIOFish3, a government-funded project, was financed by loans and grants from the World Bank and the Global Environment Facility (GEF). The project became effective in April 2018. It was planned to end in June 2023, but it was extended for another year to ensure the implementation of planned activities, which was delayed primarily due to COVID-19 restrictions.
