UBEEC Unleashing the Blue Economy of the Eastern Caribbean
Desatando la economía azul del Caribe Oriental
Brief Description:
The project is aimed to stimulate economic recovery in the participating countries by strengthening marine and coastal resilience and improving the competitiveness of their economies in three critical and interconnected sectors/areas: tourism, fisheries and aquaculture, and waste management. Growth and jobs in these key sectors have been heavily impacted by the COVID-19 pandemic. The strengthening of regional and national policies and institutional framework to bring back business and attract new investments; scaling up innovative financing mechanisms aimed at enhancing blue economy would contribute to quicker recovery.
El proyecto tiene como objetivo estimular la recuperación económica en los países participantes fortaleciendo la resiliencia marina y costera y mejorando la competitividad de sus economías en tres sectores / áreas críticas e interconectadas: turismo, pesca y acuicultura, y gestión de residuos. El crecimiento y el empleo en estos sectores clave se han visto muy afectados por la pandemia de COVID-19. El fortalecimiento de las políticas y el marco institucional regionales y nacionales para recuperar negocios y atraer nuevas inversiones; La ampliación de los mecanismos de financiación innovadores destinados a mejorar la economía azul contribuirían a una recuperación más rápida.
Lead Organization : OECS Commission
Donor: World Bank, International Development Association (IDA) credit
Partners: Commonwealth of Dominica, Ministry of Finance, Grenada, Ministry of Finance, Planning, Economic Development and Physical Development, St. Vincent and the Grenadines, Ministry of Finance and Economic Planning, Saint Lucia - Ministry of Finance, Economic Growth, Job Creation, External Affairs and the Public Service
Grant (USD):
$60,000,000.00
Total co-financing (USD):
$0.00
(Co) financing not originating from GEF:
Participating Country(s):
DominicaGrenadaSaint LuciaSaint Vincent and the Grenadines
Contributions to the 10-year CLME+ Strategic Action Programme (2015-2025)
Please click on the colored SAP Strategy icon to obtain more information on the specific SAP Actions this initiative is contributing to (double-click to hide again)
1. Enhance the regional governance arrangements for the protection of the marine environment
1.3. Evaluate expansion and strengthening of the mandate of organizations to effectively address issues relating to habitat degradation and pollution in the marine environment
1.7. Establish and/or enhance the capacity within and among arrangements to undertake and mainstream valuation of ecosystem goods and services in regional, sub-regional and national decision-making and policy development
2. Enhance the regional governance arrangements for sustainable fisheries
2.7. Coordinate the development and implementation of regional, sub-regional and national initiatives for sustainable small scale fisheries (including capacity building and pilot initiatives)
2.8. Coordinate the development and implementation of regional, sub-regional and national initiatives to improve welfare and livelihoods through the provision of Decent Work(including through the development of alternative livelihoods, capacity building and pilot initiatives)
2.11. Establish and/or enhance the capacity to undertake and mainstream valuation of ecosystem goods and services in regional, sub-regional and national decision-making and policy development for sustainable fisheries
3. Establish and operationalise a regional policy coordination mechanismfor ocean governance, with initial focus on shared Living Marine Resources
4. Enhance the governance arrangements for ecosystem-based management for reefs and associated ecosystems
4.5. Develop and implement initiatives for sustainable livelihoods by building capacity for diversification, fostering and facilitating viable alternative sources of Decent Work and/or improved incomes, and creating addedvalue (e.g. through marketing and sales)
4A. Enhance the governance arrangementsfor implementing an ecosystem approach for spiny lobster fisheries
4B. Enhance the governance arrangementsfor implementing an ecosystem approach for queen conch fisheries
5. Enhance the governance arrangements for implementing an ecosystem approach for pelagic fisheries
5A. Enhance the governance arrangements for implementing the ecosystem approach for flyingfish fisheries
5B. Enhance the governance arrangementsfor implementing an ecosystem approach for large pelagics fisheries
6. Implement EBM/EAF of the Guianas-Brazil continental shelf with special reference to the shrimp and groundfish fishery
Contributions to the 2030 UN Sustainable Development Agenda (SDG’s)
Please click on the SDG14 colored icon to see to which specific SDG14 targets this initiative is contributing.
1. End poverty in all its forms everywhere
1.1 By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day
2 End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3 Ensure healthy lives and promote well-being for all at all ages
4 Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5 Achieve gender equality and empower all women and girls
6 Ensure availability and sustainable management of water and sanitation for all
6.1 By 2030, achieve universal and equitable access to safe and affordable drinking water for all
7 Ensure access to affordable, reliable, sustainable and modern energy for all
8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
8.1 Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
9 Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
10 Reduce inequality within and among countries
11 Make cities and human settlements inclusive, safe, resilient and sustainable
12 Ensure sustainable consumption and production patterns
12.1 Implement the 10-year framework of programmes on sustainable consumption and production, all countries taking action, with developed countries taking the lead, taking into account the development and capabilities of developing countries
13 Take urgent action to combat climate change and its impacts
14 Conserve and sustainably use the oceans, seas and marine resources for sustainable development
14.1 By 2025, prevent and significantly reduce marine pollution of all kinds, in particular from land-based activities, including marine debris and nutrient pollution
14.2 By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration in order to achieve healthy and productive oceans
14.7 By 2030, increase the economic benefits to Small Island developing States and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourism
15 Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16 Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
Other Regional and Global Commitments
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Dominica 
Grenada 
Saint Lucia 
Saint Vincent and the Grenadines 
