Caribbean Development Bank (2019)
The Blue Economy – the sustainable use of oceans for economic growth – is finding its feet in the Caribbean. The region is taking steps towards a robust regional Blue Economy, with incremental policy change in several countries and locally developed technologies that are setting the stage for future growth.
The change is slow but steady. New finance tools such as blue bonds – along with a growing pool of international environment funds – can bring much-needed capital and widen the pipeline for projects. But, hurdles remain. Ultimately, the success of the Blue Economy lies in the hands of regional policymakers and the public sector.