-
Hyundai Merchant Marine settles initial debt recast plan
현대상선 2천400억원 채무조정안 가결…100% 동의
Korea’s second-largest shipper Hyundai Merchant Marine has finally settled on a debt restructuring agreement with its bondholders.
This comes after it made significant progres in negotiations with shipowners to cut its leasing rates.
Kim Jung-soo updates us on this much needed turn around for the struggling company.
Hyundai Merchant Marine and its major creditors successfully agreed on an initial debt recast plan Tuesday, worth over 200 million U.S. dollars.
The agreement, which was finalized at the Hyundai Group headquarters in Seoul, specifies that 50 percent of outstanding debt obligations will be transferred to stocks.
The other half will be payed off over the span of three years starting from 2018.
A direct victim of the downturn in the indus...
published: 31 May 2016
-
REPLAY Seychelles protects its marine life in exchange for debt relief
(1 Mar 2018) LEAD IN:
The tiny island nation of Seychelles has announced details of a pioneering marine conservation plan as part of a debt-swap deal with its creditors.
In a first-of-its-kind deal, the Seychelles is designating nearly a third of its ocean waters as protected areas, aiming to ensure the longevity of its pristine marine environments and unique biodiversity.
STORY-LINE:
Deep blue waters, miles of white sandy beaches, rich marine life and lush, thick forests.
If there was a place on earth close to our traditional idea of paradise, that would be the Seychelles.
Fewer than 100 thousand people live on these Indian Ocean islands.
Land mass makes up only one percent of the nation's vast ocean territory.
The archipelago consisting of 115 granitic and coral islands has ...
published: 06 Mar 2018
-
Puerto marine that wont pay gambling debt
This video was uploaded from an Android phone.
published: 03 Nov 2011
-
Hyundai Merchant Marine settles initial debt recast plan
현대상선 2천400억원 채무조정안 가결…100% 동의
Hyundai Merchant Marine,... Korea's second-largest shipping firm,... has finally reached a debt rescheduling agreement with its bondholders.
This comes after the ailing firm made significant progress in negotiations with ship-owners to cut leasing rates for its chartered ships.
Kim Jung-soo has the details.
Hyundai Merchant Marine and its major creditors have successfully agreed on a initial series of debt recast negotiations on Tuesday, worth around 530 million U.S. dollars.
The total debt-obligations under review amount to 670 million dollars.
Two more settlements are set to take place Wednesday morning.
The agreement, which was finalized at the Hyundai Group headquarters in Seoul, specifies that 50 percent of outstanding debt obligations will be transfer...
published: 01 Jun 2016
-
Hyundai Merchant Marine holds bondholders meeting for debt recast
용선료 협상 '순항' 현대상선, 오늘 채무재조정 시도
Financially troubled Hyundai Merchant Marine is holding an assembly of bondholders as it looks to consolidate a huge debt.
Korea's second-largest shipping company met with its bondholders at Hyundai Group's head office from 11 a.m. today, and is scheduled to meet again later today and on Wednesday.
The debt in question amounts to some six-hundred-75 million U.S. dollars.
Along with a debt recast, the shipper is faced with a charter rate cut and inclusion into a global shipping alliance in order to survive.
According to its main creditor on Monday, Hyundai Merchant Marine has made some progress in its efforts to cut its charter rates.
Visit ‘Arirang News’ Official Pages
Facebook(NEWS): http://www.facebook.com/newsarirang
Homepage: http://www.arirang.com
Face...
published: 31 May 2016
-
What is a debt for climate swap?
Many countries face a dual challenge: mounting debt burdens and growing pressure to address climate change. For some, a debt-for-climate swap, or debt-for-nature swap, may be a useful tool in tackling both.
Debt-for-nature swaps, along with variations such as debt-for-climate and debt-for-environment swaps, are transactions where a portion of a country’s debt is forgiven or refinanced in exchange for the local government investing in conservation or climate priorities.
While there have been some 140 debt-for-nature swaps over the years, the past 18 months have seen a sharp increase in the use of this tool. That has included participation from major development finance players including the U.S. International Development Finance Corporation, the Inter-American Development Bank, and large...
published: 30 Nov 2023
-
Seychelles protects its marine life in exchange for debt relief
(22 Feb 2018) SEYCHELLES MARINE LIFE
SOURCE: ASSOCIATED PRESS
RESTRICTIONS: AP CLIENTS ONLY
LENGTH: 7:52
ASSOCIATED PRESS
Curieuse island, Seychelles - 20 February 2018
1. Wide of island in the sea and white sand
2. Wide of family on white sand beach
ASSOCIATED PRESS
Praslin island, Seychelles - 20 February 2018
3. Various of houses on island
ASSOCIATED PRESS
Curieuse island, Seychelles - 20 February 2018
4. Various underwater shots of fish
ASSOCIATED PRESS
Victoria, Mahe island, Seychelles - 21 February 2018
5. Mid of World Bank officials at event for signing of bill
6. Wide of officials at event, including Vice President of Seychelles Vincent Meriton (right) and Minister of Environment, Energy and Climate Change Didier Dogley (second from right)
7. Wide of Dogle...
published: 27 Feb 2018
-
Marine Le Pen at european parliament about debt crisis (english sub)
published: 22 May 2011
-
Climate Fund Managers Announces Largest Debt-for-Climate Conversion in History.
Sanlam Investments is proud to announce that Climate Fund Managers (CFM), a leading climate-centric investment firm co-owned by Sanlam Infraworks, announced the close of their first debt-for-climate conversion. This landmark transaction, which CFM facilitated through its marine ecosystem venture, Oceans Finance Company (OFC), will protect one of the planet’s most important ecosystems - the Galapagos Islands.
published: 12 May 2023
1:57
Hyundai Merchant Marine settles initial debt recast plan
현대상선 2천400억원 채무조정안 가결…100% 동의
Korea’s second-largest shipper Hyundai Merchant Marine has finally settled on a debt restructuring agreement with its bondholde...
현대상선 2천400억원 채무조정안 가결…100% 동의
Korea’s second-largest shipper Hyundai Merchant Marine has finally settled on a debt restructuring agreement with its bondholders.
This comes after it made significant progres in negotiations with shipowners to cut its leasing rates.
Kim Jung-soo updates us on this much needed turn around for the struggling company.
Hyundai Merchant Marine and its major creditors successfully agreed on an initial debt recast plan Tuesday, worth over 200 million U.S. dollars.
The agreement, which was finalized at the Hyundai Group headquarters in Seoul, specifies that 50 percent of outstanding debt obligations will be transferred to stocks.
The other half will be payed off over the span of three years starting from 2018.
A direct victim of the downturn in the industry and China's sluggish economy, Hyundai Merchant has been struggling to fight off liquidity problems but when issues peaked late last year, the firm applied for a voluntary workout and joint-management program with creditors in March.
Korea's number 2 shipper is floundering as it's roughly 4.4 billion dollars in debt, with major obligations coming from shipping finances, corporate bonds, and bank loans.
Last year, it posted revenues of 5 billion dollars with an operating loss of over 210 million dollars.
Investors say that the company and its creditors reached a mutual agreement because they thought it was a much more preferable outcome compared to court receivership.
Officials from Hyundai Merchant Marine said that additional debt-restructuring agreements are scheduled throughout the day.
A second settlement worth roughly 50 million U.S. dollars and a third worth over 300 million are also expected be proposed to its remaining creditors.
Kim Jung-soo, Airrang News.
Visit ‘Arirang News’ Official Pages
Facebook(NEWS): http://www.facebook.com/newsarirang
Homepage: http://www.arirang.com
Facebook: http://www.facebook.com/arirangtv
Twitter: http://twitter.com/arirangworld
Instagram: http://instagram.com/arirangworld
https://wn.com/Hyundai_Merchant_Marine_Settles_Initial_Debt_Recast_Plan
현대상선 2천400억원 채무조정안 가결…100% 동의
Korea’s second-largest shipper Hyundai Merchant Marine has finally settled on a debt restructuring agreement with its bondholders.
This comes after it made significant progres in negotiations with shipowners to cut its leasing rates.
Kim Jung-soo updates us on this much needed turn around for the struggling company.
Hyundai Merchant Marine and its major creditors successfully agreed on an initial debt recast plan Tuesday, worth over 200 million U.S. dollars.
The agreement, which was finalized at the Hyundai Group headquarters in Seoul, specifies that 50 percent of outstanding debt obligations will be transferred to stocks.
The other half will be payed off over the span of three years starting from 2018.
A direct victim of the downturn in the industry and China's sluggish economy, Hyundai Merchant has been struggling to fight off liquidity problems but when issues peaked late last year, the firm applied for a voluntary workout and joint-management program with creditors in March.
Korea's number 2 shipper is floundering as it's roughly 4.4 billion dollars in debt, with major obligations coming from shipping finances, corporate bonds, and bank loans.
Last year, it posted revenues of 5 billion dollars with an operating loss of over 210 million dollars.
Investors say that the company and its creditors reached a mutual agreement because they thought it was a much more preferable outcome compared to court receivership.
Officials from Hyundai Merchant Marine said that additional debt-restructuring agreements are scheduled throughout the day.
A second settlement worth roughly 50 million U.S. dollars and a third worth over 300 million are also expected be proposed to its remaining creditors.
Kim Jung-soo, Airrang News.
Visit ‘Arirang News’ Official Pages
Facebook(NEWS): http://www.facebook.com/newsarirang
Homepage: http://www.arirang.com
Facebook: http://www.facebook.com/arirangtv
Twitter: http://twitter.com/arirangworld
Instagram: http://instagram.com/arirangworld
- published: 31 May 2016
- views: 82
7:53
REPLAY Seychelles protects its marine life in exchange for debt relief
(1 Mar 2018) LEAD IN:
The tiny island nation of Seychelles has announced details of a pioneering marine conservation plan as part of a debt-swap deal with its ...
(1 Mar 2018) LEAD IN:
The tiny island nation of Seychelles has announced details of a pioneering marine conservation plan as part of a debt-swap deal with its creditors.
In a first-of-its-kind deal, the Seychelles is designating nearly a third of its ocean waters as protected areas, aiming to ensure the longevity of its pristine marine environments and unique biodiversity.
STORY-LINE:
Deep blue waters, miles of white sandy beaches, rich marine life and lush, thick forests.
If there was a place on earth close to our traditional idea of paradise, that would be the Seychelles.
Fewer than 100 thousand people live on these Indian Ocean islands.
Land mass makes up only one percent of the nation's vast ocean territory.
The archipelago consisting of 115 granitic and coral islands has been isolated from continental land masses for millions of years.
On its Aldabra atoll, the second biggest coral atoll in the world and a UNESCO world heritage site, endemic life has evolved undisturbed.
The remote atoll is home to the world's largest population of giant tortoises, critically endangered dungongs and spawning grounds for a number of rare species.
The Seychellois government has now signed a bill restricting nearly all human activity in the waters around Aldabra.
The country's minister of environment, energy and climate change, Didier Dogley, welcomed the bill in a ceremony attended by top marine economists and conservation experts.
"A great honour and privilege for me today to sign the regulations of the Marine Spatial Plan Phase 1 into law. With the signature and gazetting of the legal instruments an area of 74,400 square kilometres around Aldabra groups of islands and 136,000 square kilometres from the Admirals to the Fortune bank will now be declared as protected areas and in the national park, a major conservancy act," he says.
The Seychelles Marine Spatial Plan (MSP), the first of its kind worldwide, was created as part of an innovative debt-swap deal with the country's Paris Club creditors.
The ambitious plan places 30 percent of the country's territorial waters under protection, putting it way ahead of the global marine protected area target of 10 percent by 2020.
The deal was brokered by US-based environmental charity The Nature Conservancy (TNC).
Through its investment arm, NatureVest, TNC bought back a portion of the Seychelles' bilateral sovereign debt.
It blended a loan of $15.2 (m) million US dollars provided by TNC to the Seychellois government and $5 (m) million US dollars in philanthropic donations, including a $1 (m) million US dollar grant by the Leonardo DiCaprio Foundation.
The debt was bought back at a discount, reducing it to just over $20 (m) million US dollars, according to the man who negotiated the deal between the Seychellois government and its creditors, Rob Weary.
"It took four years to put this together but what happened was over that time period the Seychelles was the poster child of what you do to come out of the debt crisis. They were running positive budget surpluses, they successfully floated their currency, they reduced their debt to GDP ratio," says Weary, the Senior Director of Product Development for NatureVest.
At the height of its debt crisis in the late 2000s, the Seychelles was one of the world's top debt-ridden countries.
Its sovereign debt peaked at nearly one (bn) billion US dollars, according to the World Bank.
Today, the debt stands at less than half of that, says the Seychelles Finance Ministry.
The agreement ensures that conservation work in the Seychelles can be funded into perpetuity, says Weary.
Find out more about AP Archive: http://www.aparchive.com/HowWeWork
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Instagram: https://www.instagram.com/APNews/
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/ba9d9e1e46e5061598a2f457eecc86bb
https://wn.com/Replay_Seychelles_Protects_Its_Marine_Life_In_Exchange_For_Debt_Relief
(1 Mar 2018) LEAD IN:
The tiny island nation of Seychelles has announced details of a pioneering marine conservation plan as part of a debt-swap deal with its creditors.
In a first-of-its-kind deal, the Seychelles is designating nearly a third of its ocean waters as protected areas, aiming to ensure the longevity of its pristine marine environments and unique biodiversity.
STORY-LINE:
Deep blue waters, miles of white sandy beaches, rich marine life and lush, thick forests.
If there was a place on earth close to our traditional idea of paradise, that would be the Seychelles.
Fewer than 100 thousand people live on these Indian Ocean islands.
Land mass makes up only one percent of the nation's vast ocean territory.
The archipelago consisting of 115 granitic and coral islands has been isolated from continental land masses for millions of years.
On its Aldabra atoll, the second biggest coral atoll in the world and a UNESCO world heritage site, endemic life has evolved undisturbed.
The remote atoll is home to the world's largest population of giant tortoises, critically endangered dungongs and spawning grounds for a number of rare species.
The Seychellois government has now signed a bill restricting nearly all human activity in the waters around Aldabra.
The country's minister of environment, energy and climate change, Didier Dogley, welcomed the bill in a ceremony attended by top marine economists and conservation experts.
"A great honour and privilege for me today to sign the regulations of the Marine Spatial Plan Phase 1 into law. With the signature and gazetting of the legal instruments an area of 74,400 square kilometres around Aldabra groups of islands and 136,000 square kilometres from the Admirals to the Fortune bank will now be declared as protected areas and in the national park, a major conservancy act," he says.
The Seychelles Marine Spatial Plan (MSP), the first of its kind worldwide, was created as part of an innovative debt-swap deal with the country's Paris Club creditors.
The ambitious plan places 30 percent of the country's territorial waters under protection, putting it way ahead of the global marine protected area target of 10 percent by 2020.
The deal was brokered by US-based environmental charity The Nature Conservancy (TNC).
Through its investment arm, NatureVest, TNC bought back a portion of the Seychelles' bilateral sovereign debt.
It blended a loan of $15.2 (m) million US dollars provided by TNC to the Seychellois government and $5 (m) million US dollars in philanthropic donations, including a $1 (m) million US dollar grant by the Leonardo DiCaprio Foundation.
The debt was bought back at a discount, reducing it to just over $20 (m) million US dollars, according to the man who negotiated the deal between the Seychellois government and its creditors, Rob Weary.
"It took four years to put this together but what happened was over that time period the Seychelles was the poster child of what you do to come out of the debt crisis. They were running positive budget surpluses, they successfully floated their currency, they reduced their debt to GDP ratio," says Weary, the Senior Director of Product Development for NatureVest.
At the height of its debt crisis in the late 2000s, the Seychelles was one of the world's top debt-ridden countries.
Its sovereign debt peaked at nearly one (bn) billion US dollars, according to the World Bank.
Today, the debt stands at less than half of that, says the Seychelles Finance Ministry.
The agreement ensures that conservation work in the Seychelles can be funded into perpetuity, says Weary.
Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter: https://twitter.com/AP_Archive
Facebook: https://www.facebook.com/APArchives
Instagram: https://www.instagram.com/APNews/
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/ba9d9e1e46e5061598a2f457eecc86bb
- published: 06 Mar 2018
- views: 289
2:13
Hyundai Merchant Marine settles initial debt recast plan
현대상선 2천400억원 채무조정안 가결…100% 동의
Hyundai Merchant Marine,... Korea's second-largest shipping firm,... has finally reached a debt rescheduling agreement with its bo...
현대상선 2천400억원 채무조정안 가결…100% 동의
Hyundai Merchant Marine,... Korea's second-largest shipping firm,... has finally reached a debt rescheduling agreement with its bondholders.
This comes after the ailing firm made significant progress in negotiations with ship-owners to cut leasing rates for its chartered ships.
Kim Jung-soo has the details.
Hyundai Merchant Marine and its major creditors have successfully agreed on a initial series of debt recast negotiations on Tuesday, worth around 530 million U.S. dollars.
The total debt-obligations under review amount to 670 million dollars.
Two more settlements are set to take place Wednesday morning.
The agreement, which was finalized at the Hyundai Group headquarters in Seoul, specifies that 50 percent of outstanding debt obligations will be transferred to stocks.
The other half will be paid off over the span of three years starting from 2018.
A direct victim of the downturn in the industry and China's sluggish economy, Hyundai Merchant has been struggling to fight off liquidity problems but when issues peaked late last year, the firm applied for a voluntary workout and joint-management program with creditors in March.
Korea's number two shipper is floundering as it's roughly 4.4 billion dollars in debt, with major obligations coming from shipping finances, corporate bonds, and bank loans.
Last year, it posted revenues of 5 billion dollars with an operating loss of over 210 million dollars.
Investors say that the company and its creditors reached a mutual agreement because they thought it was a much more preferable outcome compared to court receivership.
Officials from Hyundai Merchant Marine said that the significant progress made in leasing fee negotiations with foreign ship owners on Monday... left a positive impression on its creditors.
However, the shipper still faces hurdles ahead, including successfully joining a new industry alliance spearheaded by Hanjin Shipping.
Kim Jung-soo, Airrang News.
Visit ‘Arirang News’ Official Pages
Facebook(NEWS): http://www.facebook.com/newsarirang
Homepage: http://www.arirang.com
Facebook: http://www.facebook.com/arirangtv
Twitter: http://twitter.com/arirangworld
Instagram: http://instagram.com/arirangworld
https://wn.com/Hyundai_Merchant_Marine_Settles_Initial_Debt_Recast_Plan
현대상선 2천400억원 채무조정안 가결…100% 동의
Hyundai Merchant Marine,... Korea's second-largest shipping firm,... has finally reached a debt rescheduling agreement with its bondholders.
This comes after the ailing firm made significant progress in negotiations with ship-owners to cut leasing rates for its chartered ships.
Kim Jung-soo has the details.
Hyundai Merchant Marine and its major creditors have successfully agreed on a initial series of debt recast negotiations on Tuesday, worth around 530 million U.S. dollars.
The total debt-obligations under review amount to 670 million dollars.
Two more settlements are set to take place Wednesday morning.
The agreement, which was finalized at the Hyundai Group headquarters in Seoul, specifies that 50 percent of outstanding debt obligations will be transferred to stocks.
The other half will be paid off over the span of three years starting from 2018.
A direct victim of the downturn in the industry and China's sluggish economy, Hyundai Merchant has been struggling to fight off liquidity problems but when issues peaked late last year, the firm applied for a voluntary workout and joint-management program with creditors in March.
Korea's number two shipper is floundering as it's roughly 4.4 billion dollars in debt, with major obligations coming from shipping finances, corporate bonds, and bank loans.
Last year, it posted revenues of 5 billion dollars with an operating loss of over 210 million dollars.
Investors say that the company and its creditors reached a mutual agreement because they thought it was a much more preferable outcome compared to court receivership.
Officials from Hyundai Merchant Marine said that the significant progress made in leasing fee negotiations with foreign ship owners on Monday... left a positive impression on its creditors.
However, the shipper still faces hurdles ahead, including successfully joining a new industry alliance spearheaded by Hanjin Shipping.
Kim Jung-soo, Airrang News.
Visit ‘Arirang News’ Official Pages
Facebook(NEWS): http://www.facebook.com/newsarirang
Homepage: http://www.arirang.com
Facebook: http://www.facebook.com/arirangtv
Twitter: http://twitter.com/arirangworld
Instagram: http://instagram.com/arirangworld
- published: 01 Jun 2016
- views: 178
0:48
Hyundai Merchant Marine holds bondholders meeting for debt recast
용선료 협상 '순항' 현대상선, 오늘 채무재조정 시도
Financially troubled Hyundai Merchant Marine is holding an assembly of bondholders as it looks to consolidate a huge debt.
Korea's...
용선료 협상 '순항' 현대상선, 오늘 채무재조정 시도
Financially troubled Hyundai Merchant Marine is holding an assembly of bondholders as it looks to consolidate a huge debt.
Korea's second-largest shipping company met with its bondholders at Hyundai Group's head office from 11 a.m. today, and is scheduled to meet again later today and on Wednesday.
The debt in question amounts to some six-hundred-75 million U.S. dollars.
Along with a debt recast, the shipper is faced with a charter rate cut and inclusion into a global shipping alliance in order to survive.
According to its main creditor on Monday, Hyundai Merchant Marine has made some progress in its efforts to cut its charter rates.
Visit ‘Arirang News’ Official Pages
Facebook(NEWS): http://www.facebook.com/newsarirang
Homepage: http://www.arirang.com
Facebook: http://www.facebook.com/arirangtv
Twitter: http://twitter.com/arirangworld
Instagram: http://instagram.com/arirangworld
https://wn.com/Hyundai_Merchant_Marine_Holds_Bondholders_Meeting_For_Debt_Recast
용선료 협상 '순항' 현대상선, 오늘 채무재조정 시도
Financially troubled Hyundai Merchant Marine is holding an assembly of bondholders as it looks to consolidate a huge debt.
Korea's second-largest shipping company met with its bondholders at Hyundai Group's head office from 11 a.m. today, and is scheduled to meet again later today and on Wednesday.
The debt in question amounts to some six-hundred-75 million U.S. dollars.
Along with a debt recast, the shipper is faced with a charter rate cut and inclusion into a global shipping alliance in order to survive.
According to its main creditor on Monday, Hyundai Merchant Marine has made some progress in its efforts to cut its charter rates.
Visit ‘Arirang News’ Official Pages
Facebook(NEWS): http://www.facebook.com/newsarirang
Homepage: http://www.arirang.com
Facebook: http://www.facebook.com/arirangtv
Twitter: http://twitter.com/arirangworld
Instagram: http://instagram.com/arirangworld
- published: 31 May 2016
- views: 147
5:29
What is a debt for climate swap?
Many countries face a dual challenge: mounting debt burdens and growing pressure to address climate change. For some, a debt-for-climate swap, or debt-for-natur...
Many countries face a dual challenge: mounting debt burdens and growing pressure to address climate change. For some, a debt-for-climate swap, or debt-for-nature swap, may be a useful tool in tackling both.
Debt-for-nature swaps, along with variations such as debt-for-climate and debt-for-environment swaps, are transactions where a portion of a country’s debt is forgiven or refinanced in exchange for the local government investing in conservation or climate priorities.
While there have been some 140 debt-for-nature swaps over the years, the past 18 months have seen a sharp increase in the use of this tool. That has included participation from major development finance players including the U.S. International Development Finance Corporation, the Inter-American Development Bank, and large private financial institutions.
To better understand how they work and dive into a few examples, including the largest swap to date, watch this video.
For more international development news, visit: http://www.devex.com
Subscribe to the Devex YouTube channel: http://www.youtube.com/subscription_center?add_user=wwwdevexcom
https://wn.com/What_Is_A_Debt_For_Climate_Swap
Many countries face a dual challenge: mounting debt burdens and growing pressure to address climate change. For some, a debt-for-climate swap, or debt-for-nature swap, may be a useful tool in tackling both.
Debt-for-nature swaps, along with variations such as debt-for-climate and debt-for-environment swaps, are transactions where a portion of a country’s debt is forgiven or refinanced in exchange for the local government investing in conservation or climate priorities.
While there have been some 140 debt-for-nature swaps over the years, the past 18 months have seen a sharp increase in the use of this tool. That has included participation from major development finance players including the U.S. International Development Finance Corporation, the Inter-American Development Bank, and large private financial institutions.
To better understand how they work and dive into a few examples, including the largest swap to date, watch this video.
For more international development news, visit: http://www.devex.com
Subscribe to the Devex YouTube channel: http://www.youtube.com/subscription_center?add_user=wwwdevexcom
- published: 30 Nov 2023
- views: 1167
7:53
Seychelles protects its marine life in exchange for debt relief
(22 Feb 2018) SEYCHELLES MARINE LIFE
SOURCE: ASSOCIATED PRESS
RESTRICTIONS: AP CLIENTS ONLY
LENGTH: 7:52
ASSOCIATED PRESS
Curieuse island, Seychelles -...
(22 Feb 2018) SEYCHELLES MARINE LIFE
SOURCE: ASSOCIATED PRESS
RESTRICTIONS: AP CLIENTS ONLY
LENGTH: 7:52
ASSOCIATED PRESS
Curieuse island, Seychelles - 20 February 2018
1. Wide of island in the sea and white sand
2. Wide of family on white sand beach
ASSOCIATED PRESS
Praslin island, Seychelles - 20 February 2018
3. Various of houses on island
ASSOCIATED PRESS
Curieuse island, Seychelles - 20 February 2018
4. Various underwater shots of fish
ASSOCIATED PRESS
Victoria, Mahe island, Seychelles - 21 February 2018
5. Mid of World Bank officials at event for signing of bill
6. Wide of officials at event, including Vice President of Seychelles Vincent Meriton (right) and Minister of Environment, Energy and Climate Change Didier Dogley (second from right)
7. Wide of Dogley at podium
8. SOUNDBITE (English) Didier Dogley, Seychelles Minister of Environment, Energy and Climate:
"A great honour and privilege for me today to sign the regulations for the Marine Spatial Plan Phase 1 into law. With the signature and gazetting of the legal instruments, an area of 74,400 square kilometres around Aldabra groups of islands and 136,000 square kilometres from the Admirals to the Fortune bank, will now be declared as protected areas and in the national park, a major conservancy act."
9. Mid of Dogley signing bill
ASSOCIATED PRESS
Praslin island, Seychelles - 20 February 2018
10. Pan left of Granse Anse beach
ASSOCIATED PRESS
Victoria, Mahe island, Seychelles - 21 February 2018
11. Setup shot of Senior Director of Product Development for Nature Conservancy, Rob Weary, holding phone
12. SOUNDBITE (English) Rob Weary, Senior Director of Product Development at NatureVest, an initiative of The Nature Conservancy:
"It took four years to put this together, but what happened was that over that time period the Seychelles was a poster child of what you do to come out of a debt crisis. They were running positive budget surpluses, they successfully floated the currency, they reduced their debt to GDP ratio. The reason you get a discount is the risk factor, how risky it is to hold debt from a country, and because it became less risky over that time period we got less of a discount."
ASSOCIATED PRESS
Curieuse island, Seychelles - 20 February 2018
13. Wide of man steering boat in sea
14. SOUNDBITE (English) Helena Sims, Project Manager for Seychelles Marine Spatial Plan Initiative:
"In a nutshell, the Seychelles managed to convert part of its debt through a debt swap loan agreement facilitated by the Nature Conservancy. And this debt restructuring enabled for a certain amount to be repaid into a trust fund to fund conservation-related projects and activities."
15. Various of Sims working on her laptop
16. SOUNDBITE (English) Helena Sims, Project Manager for Seychelles Marine Spatial Plan Initiative:
"The marine spatial plan is trying to balance protection and ecology with social and economic use. The idea is to displace as minimum as possible our existing users. On the opposite, we want to help to develop sustainable use of the marine resources."
17. Various setup shots of Chief Executive Officer (CEO) of Seychelles National Parks Authority, Flavien Joubert, patting Giant Aldabra tortoise
18. SOUNDBITE (English) Flavien Joubert, Chief Executive Officer (CEO) of Seychelles National Parks Authority:
19. Close of Giant Aldabra tortoise eating grass
ASSOCIATED PRESS
Praslin island, Seychelles - 20 February 2018
20. Wide of fishermen taking jobfish out of boat
21. Mid of fishermen placing jobfish in back of pickup truck
23. Mid of fisherman moving fish in truck
24. Close of fish
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https://wn.com/Seychelles_Protects_Its_Marine_Life_In_Exchange_For_Debt_Relief
(22 Feb 2018) SEYCHELLES MARINE LIFE
SOURCE: ASSOCIATED PRESS
RESTRICTIONS: AP CLIENTS ONLY
LENGTH: 7:52
ASSOCIATED PRESS
Curieuse island, Seychelles - 20 February 2018
1. Wide of island in the sea and white sand
2. Wide of family on white sand beach
ASSOCIATED PRESS
Praslin island, Seychelles - 20 February 2018
3. Various of houses on island
ASSOCIATED PRESS
Curieuse island, Seychelles - 20 February 2018
4. Various underwater shots of fish
ASSOCIATED PRESS
Victoria, Mahe island, Seychelles - 21 February 2018
5. Mid of World Bank officials at event for signing of bill
6. Wide of officials at event, including Vice President of Seychelles Vincent Meriton (right) and Minister of Environment, Energy and Climate Change Didier Dogley (second from right)
7. Wide of Dogley at podium
8. SOUNDBITE (English) Didier Dogley, Seychelles Minister of Environment, Energy and Climate:
"A great honour and privilege for me today to sign the regulations for the Marine Spatial Plan Phase 1 into law. With the signature and gazetting of the legal instruments, an area of 74,400 square kilometres around Aldabra groups of islands and 136,000 square kilometres from the Admirals to the Fortune bank, will now be declared as protected areas and in the national park, a major conservancy act."
9. Mid of Dogley signing bill
ASSOCIATED PRESS
Praslin island, Seychelles - 20 February 2018
10. Pan left of Granse Anse beach
ASSOCIATED PRESS
Victoria, Mahe island, Seychelles - 21 February 2018
11. Setup shot of Senior Director of Product Development for Nature Conservancy, Rob Weary, holding phone
12. SOUNDBITE (English) Rob Weary, Senior Director of Product Development at NatureVest, an initiative of The Nature Conservancy:
"It took four years to put this together, but what happened was that over that time period the Seychelles was a poster child of what you do to come out of a debt crisis. They were running positive budget surpluses, they successfully floated the currency, they reduced their debt to GDP ratio. The reason you get a discount is the risk factor, how risky it is to hold debt from a country, and because it became less risky over that time period we got less of a discount."
ASSOCIATED PRESS
Curieuse island, Seychelles - 20 February 2018
13. Wide of man steering boat in sea
14. SOUNDBITE (English) Helena Sims, Project Manager for Seychelles Marine Spatial Plan Initiative:
"In a nutshell, the Seychelles managed to convert part of its debt through a debt swap loan agreement facilitated by the Nature Conservancy. And this debt restructuring enabled for a certain amount to be repaid into a trust fund to fund conservation-related projects and activities."
15. Various of Sims working on her laptop
16. SOUNDBITE (English) Helena Sims, Project Manager for Seychelles Marine Spatial Plan Initiative:
"The marine spatial plan is trying to balance protection and ecology with social and economic use. The idea is to displace as minimum as possible our existing users. On the opposite, we want to help to develop sustainable use of the marine resources."
17. Various setup shots of Chief Executive Officer (CEO) of Seychelles National Parks Authority, Flavien Joubert, patting Giant Aldabra tortoise
18. SOUNDBITE (English) Flavien Joubert, Chief Executive Officer (CEO) of Seychelles National Parks Authority:
19. Close of Giant Aldabra tortoise eating grass
ASSOCIATED PRESS
Praslin island, Seychelles - 20 February 2018
20. Wide of fishermen taking jobfish out of boat
21. Mid of fishermen placing jobfish in back of pickup truck
23. Mid of fisherman moving fish in truck
24. Close of fish
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- published: 27 Feb 2018
- views: 180
4:01
Climate Fund Managers Announces Largest Debt-for-Climate Conversion in History.
Sanlam Investments is proud to announce that Climate Fund Managers (CFM), a leading climate-centric investment firm co-owned by Sanlam Infraworks, announced the...
Sanlam Investments is proud to announce that Climate Fund Managers (CFM), a leading climate-centric investment firm co-owned by Sanlam Infraworks, announced the close of their first debt-for-climate conversion. This landmark transaction, which CFM facilitated through its marine ecosystem venture, Oceans Finance Company (OFC), will protect one of the planet’s most important ecosystems - the Galapagos Islands.
https://wn.com/Climate_Fund_Managers_Announces_Largest_Debt_For_Climate_Conversion_In_History.
Sanlam Investments is proud to announce that Climate Fund Managers (CFM), a leading climate-centric investment firm co-owned by Sanlam Infraworks, announced the close of their first debt-for-climate conversion. This landmark transaction, which CFM facilitated through its marine ecosystem venture, Oceans Finance Company (OFC), will protect one of the planet’s most important ecosystems - the Galapagos Islands.
- published: 12 May 2023
- views: 162