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 recuperaci贸n econ贸mica en los pa铆ses participantes fortaleciendo la resiliencia marina y costera y mejorando la competitividad de sus econom铆as en tres sectores / 谩reas cr铆ticas e interconectadas: turismo, pesca y acuicultura, y gesti贸n 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 pol铆ticas y el marco institucional regionales y nacionales para recuperar negocios y atraer nuevas inversiones; La ampliaci贸n de los mecanismos de financiaci贸n innovadores destinados a mejorar la econom铆a azul contribuir铆an a una recuperaci贸n m谩s r谩pida.
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鈥檚)
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Other Regional and Global Commitments

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