This document discusses financing opportunities for developing the blue economy in the Caribbean region. It defines the blue economy as the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving marine ecosystems. The presentation identifies key blue economy industries and opportunities in the Caribbean like fisheries, aquaculture, tourism, and renewable energy. It also explores new financial instruments for funding blue economy projects, and calls for governments and development partners to work together to create an enabling environment for sustainable ocean-based economic development and management in the region.

1. FINANCING THE BLUE ECONOMY
A CARIBBEAN DEVELOPMENT OPPORTUNITY
Dr. Roger McLeod
Radisson Beach Resort/ Grenada
Thursday 31st May, 2018

2. BLUE
ECONOMY
The sustainable use of ocean resources for
economic growth, improved livelihoods and
jobs, while preserving the health of marine
and coastal ecosystems.
- World Bank 2016

3. THE BLUE
ECONOMY AND
THE TRIPLE
BOTTOM LINE
OF
DEVELOPMENT
Planet
Protecting the
Environment
People
Advancing social
well-being
Profit
Growing the
Economy

4. BLUE
ECONOMY
ACTIVITIES
ARE OCEAN-
BASED
Established Industries
Source: OECD
Capture fisheries Shipbuilding
Offshore oil / gas
Marine business
services Marine R&D DredgingMarine construction
Marine & coastal
tourismShipping / Ports Marine Transport
Safety and
surveillance
Marine
biotechnology
High-tech marine
services
Marine seabed
mining
Offshore wind
energy
Ocean renewable
energy
Marine
aquaculture
Emerging Industries

5. BLUE
ECONOMY
Main Pillars
Driving sustainable growth and development
Reducing over-extraction of ocean resources
Socio-economic advancement of coastal and
fishing communities
Building up environmental resilience

6. RESEARCH
OBJECTIVES
Describe the opportunities in the region
for the blue economy
Highlight innovative financing tools and
strategies used to grow the blue economy
Motivate regional policymakers to create an
environment that better facilitates
investments and private sector-led growth

7. KEY BLUE
ECONOMY
OPPORTUNITIES
Fisheries and
Aquaculture
Coastal and
Marine
Tourism
Marine Renewable
Energy
Marine
Transport or
Shipping
Marine shellfish
aquaculture
Marine Protected
Areas; Cruises
Offshore wind, ocean
and wind action
Passenger transport;
Freight transport

8. EXPLORING NEW
FINANCIAL
INSTRUMENTS
AND
STRATEGIES IS
CRITICAL
Blended
Financing
Blue
Bonds
Impact
Bonds
Crowdsou
rcing
Diaspora
Financing
Domestic
(Levy &
Insurance)
Debt
Swaps
Climate
Funds
Contingent
Recoverable
Grants

9. NEXT STEPS Create enabling
environment
Facilitate greater
market access
Proactive policies
Participation in
development
process
Supply technical
capacity and
networks
Capacity transfer
and training
Advocacy and
lobbying
Participation in
the development
process
Demand
accountability
GOVERNMENT DEV. PARTNERS HOUSEHOLDS
Research and development
Monitoring and evaluation

10. OCEAN
MANAGEMENT
• The success of a blue economy
strategy depends on a concerted and
pragmatic approach
• A regional agency for ocean policy can
guide the process within participating
countries
• Caribbean countries need to recognize
each other as complementary
economies and not direct competitors

11. CDB
RECOMMENDATIONS
Regional policy
for economic
sharing
Regional agency
for ocean
management and
governance Improved doing
business
environment and
infrastructure
Advocacy and
participatory
development
Regional
knowledge hub

12. THANK
YOU