The Blue Economy: an ocean of possibilities

OECS Member States, typically categorised as Small Island Developing States (SIDS) have been urged to make a paradigm shift to large ocean states.

Camillo Gonsalves – Minister of Finance ST. Vincent

This challenge has come from Hon. Camillo Gonsalves – Minister of Finance, Economic Planning, Sustainable Development and Information Technology of St. Vincent and the Grenadines.

Speaking to the UN Sustainable Development Goals – SDG 2030, Gonsalves said with a 10-year window of opportunity remaining to capitalise on the international focus and support engendered by the SDGs, the OECS must define and prioritise a common vision of how the Blue Economy can drive regional development.

The Blue Economy investment opportunities unveiled at the virtual Blue Economy Investors Roundtable on the Opening Day of OECS SDM 2020 include aquaculture, mariculture, fisheries, renewable energy exploration, waterfront development, fishing village resorts, coastal replanting, and beach nourishment.

The virtual Blue Economy Investors forum was attended by several international development partners including the Government of Norway, the World Bank, the European Union, the Commonwealth Secretariat, the Government of Canada, the Caribbean Development Bank, the European Investment Bank, and the Inter-American Development Bank.