Blue economy as a catalyst to green recovery RFF-project approved

April 12, 2021

Aerial view of Bubaque, looking across to Rubane. Photo: UNDP 2021

Through the Rapid Financing Facility (RFF), $ 1,5 million is allocated to support the green recovery efforts of Guinea Bissau for COVID-19. The formal approval was received on 21 December 2021. Over the upcoming 18 months, the project will highlight Guinea-Bissau's status as a Small Island Developing State (SIDS) and its opportunities to tap into its vast Blue Economy potential to lead an inclusive and sustainable socio-economic recovery that leaves no one behind. The project will play a catalyst role in supporting the development of an overarching National Blue Economic Strategy, improving the governance framework and transparency for marine resources, and supporting entrepreneurship with particular attention to youth and females. It will be implemented in full synergy and complementarity with other relevant interventions within UNDP, other UN agencies, and national partners. The ambition is to create an enabling environment for the participation of all stakeholders, particularly the private sector, and enhancing the institutional capacity of implementation.