Seychelles has signed an agreement enabling direct cash transfers to households hit by climate shocks like floods, landslides, and tsunamis. The ASP will manage these funds, ensuring rapid financial support reaches affected individuals.

This initiative aims to bolster the nation's resilience against extreme weather events, a growing concern due to rising sea levels and increased storm intensity. Seychelles faces significant risks from climate change, with its low-lying islands particularly vulnerable to flooding and erosion.

The agreement underscores the urgent need for financial preparedness in small island developing states (SIDS). It provides a model for other nations facing similar threats by offering immediate economic relief to those impacted by natural disasters.