Unleashing the Blue Economy of the Eastern Caribbean - CLME+ HUB

UBEEC    Unleashing the Blue Economy of the Eastern Caribbean


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
Project ID: P171833
Geographic Scope: Multicountry (regional)
Project Status: Soft Pipeline
   Last Update: 15/01/2021

Start Date:
End Date:
Project Profile Manager: Didacus Jules
Contact Email: didacus.jules@oecs.int
Contact Phone:
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):
 Dominica  Grenada  Saint Lucia  Saint Vincent and the Grenadines
Contributions to the 10-year CLME+ Strategic Action Programme (2015-2025)
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Contributions to the 2030 UN Sustainable Development Agenda (SDG’s)
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Other Regional and Global Commitments
                        

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