The Caribbean Blue Economy
27 May 2020
What is the Blue Economy? Its benefits, it's impacts and the relation to OECS Caribbean Region in transitioning to a Blue Economy. A video by the Organization for the Eastern Caribbean States which executes the GEF-IBRD project Caribbean Regional Oceanscape project
As one of the key blue economy frontrunners in the Caribbean, the OECS has taken a first step to enabling transition to a blue economy through the development and adoption of the Eastern Caribbean Regional Ocean Policy (ECROP) and associated strategic action plan (ECROP SAP). Endorsed by the OECS Heads of Government in 2013, the ECROP guides the future use of the region’s marine waters and provides a basis for enhanced coordination and management of ocean resources within the Eastern Caribbean.
On October 14, 2017, a Grant Agreement for the Caribbean Regional Oceanscape Project (CROP) was signed between the International Bank for Reconstruction and Development, acting as an Implementing Agency of the Global Environment Facility, and the OECS. The CROP is designed to contribute to the implementation of the ECROP by strengthening capacity for ocean governance, and coastal and marine geospatial planning in the participating countries to create a strong foundation for a blue economy.
Despite the challenges arising from the current global pandemic, the OECS pushes forward with the implementation of the CROP towards moving member states ever closer to a blue economy.