AGP Executive Report
Last update: 9 hours agoClimate Finance: Seychelles Vice-President Alix Sebastien Pillay told COP31 that climate pledges must become real funding, warning that rising damage threatens the country’s security and development. He urged stronger loss-and-damage support that does not push vulnerable nations deeper into debt. 2027 Budget: Finance Minister Pierre Laporte presented a budget of SCR12.86 billion, framed around accelerating growth while protecting social gains. La Digue Projects: President Patrick Herminie inspected completed coastal-protection and waste-management works worth about SCR8.9 million; a further SCR247 million-plus in proposed and ongoing developments is planned for the island. Renewable Energy: A marine floating-solar pilot has launched off Providence, adding to Seychelles’ efforts to expand renewable power while supporting its blue economy. Financial Oversight: US FinCEN has ordered covered financial institutions to stop sending funds to or receiving them from Seychelles-based crypto exchange MEXC, citing alleged links to $16.7 billion in illicit finance.
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