Supporting Sustainable Inclusive Blue Economy Transformation in AIO SIDS

To achieve integrated, cross sectoral sustainable management of the Blue Economy in African SIDS through improved blue governance to build resilient communities and conserve coastal and marine ecosystem services.

In Cabo Verde, a USD 400,000 funding from AECID will support the development of national capacities in the field of Innovation and research to Promote the Blue

Economy. In addition, the government will provide an investment of USD 2,250,000, while private sponsors, will provide USD 750,000 in support of The Ocean Race

2022-23 (previously known as the Volvo Ocean Race). In fact, in the context of COVID-19 economic recovery, the Government of Cabo Verde intends to use this

event as a promotion platform for the country’s Blue Economy key economic sectors including sustainable tourism through the organization of marine

educational programs, an ocean summit. and cultural events. Finally, the government of Cabo Verde will provide an additional in-kind institutional support to Blue

Economy for a value of USD 47,044.

In Comoros, the AfDB is providing a financing of USD 1,050,000 through a project aiming at supporting the financial

empowerment of women in the fisheries value chain. The WTO, is supporting the integration of the Union of Comoros into the global trading system in order to

contribute to poverty reduction and sustainable development with a USD 1,500,000 project. FAO, is enhancing the fishermen communities resilience through the

operationalization of the aquaculture development with a USD 245,000 TCP. Ocean 5 is building socio-ecological resilience through good ocean governance and

baseline studies in the Comoros archipelago with a budget of USD 1,000,000. Two unions and one private bank will together provide USD 1,587,000 as loans in

support of potential investors in the new aquaculture sector to be introduced by this GEF project. JICA will support the national research institute for agriculture,

fisheries and the environment with a USD 550,000 grant to build a seafood quality analysis laboratory and to train fishermen to aquaculture. The WB (USD

500,000) and the French Embassy in Comoros (USD 570,000) will support the development and strengthening of the national legal and institutional aquaculture

frameworks. Finally, the government, through its development bank, will provide USD 370,000 in additional loans in support of MSMEs to replicate small-scale

aquaculture projects.

In Guinea-Bissau, UNDP is implementing a Rapid Response Facility project, with a budget of USD 1,500,000, which mainly aims at

developing a Blue Economy strategy for the country. In addition, the UNDP country office will commit USD 100,000 to support the current project activities on the 

ground.

In Maldives, local banks are supporting SME development in the field of Blue Economy with a budget of USD 10,000. In addition, UNDP has committed

USD 36,000 for sustainable water management. Finally, the WB is supporting the Maldives Marine Research Institute for the improvement of fisheries

management and the establishment of mariculture in targeted atolls int he Maldives through a USD 18,000,000 project.

In Mauritius, the Ministry of Blue Economy

will provide USD 2,000,000 in recurring expenditures and public investments in the Blue Economy sector. In addition, the Adaptation Fund has provided USD

750,000 for a coral reef restauration project.

In São Tomé e Príncipe, FAO, the European Union, the WB and BAF are all supporting Blue Economy and land

management on-the-ground activities for a total amount of USD 29,710,000. The government is committing an in-kind contribution of USD 200,000 while various

MSMEs will contribute with USD 150,000 in pilot activities.

Additional co-financing will be identified during the PPG phase.

Regions Africa

TDA/SAP
No items found...

Documents & Resources
project-identification-form 10865 Supporting Sustainable Inclusive Blue Economy Transformation in AIO SIDS PIF

General information
GEF ID	10865
Project type	Full-Size Project
Status	active (Concept Approved)
Start Date	01 Jan 2020

GEF characteristic:
Focal Area	International Waters, Land Degradation
GEF Allocation to project	USD 9,003,847
Total Cost of the project:	USD 72,577,657

Partners
Countries Comoros , Guinea-Bissau , Maldives , Mauritius , Sao Tome and Principe , Seychelles , Regional Lead implementing agency United Nations Development Programme (UNDP)