Supporting sustainable inclusive Blue Economy Transformation in Atlantic and Indian Ocean (AIO) Small Island Developing States (SIDS)

Summary

UNDP is assisting a regional project in supporting Sustainable Blue Economy (BE) Transformation in AIO SIDS by submitting a Project Identification Form (PIF).  

Background

Maldives is one of the seven countries that is jointly submitting the PIF, among Cabo Verde, Comoros, Guinea-Bissau, Mauritius, Sao Tome and Principe, and Seychelles. The main goal is to create and enable an environment for Sustainable Blue Economy by improving the governance around BE, piloting a new demonstrative project in BE, and gathering and sharing lessons learnt from the project. With national and regional lessons in consideration, future interventions and investment in BE will be more risk informed with greater probability of being sustainable.  

Project Outcomes:

The three outcomes of this project are as follows:  

  1. Sustainable Blue Economy enabling conditions: Improved governance framework- adoption and integration of evidence-based inclusive sustainable Blue Economy strategies, plans, and financing mechanisms to national development plans and budget. 

  1. On-the-ground national demonstrations of Sustainable Blue Economy Investments; Addressing unsustainable ocean/coastal use, and/or ‘new and additional’ sustainable blue economy opportunities; Sustainable Blue Economy best practices and diversification models with strong social, economic and sustainability elements developed, tested and ready for upscaling among Atlantic and Indian Ocean SIDS.  

  1. Knowledge management and upscaling: introduction of innovative solutions and practices to support Sustainable Blue Economy transformation to be documented, shared and upscaled across the Atlantic and Indian Ocean SIDS and beyond.