The University of the West Indies (The UWI) and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MOU) to support governments in the creation of public policies to diversify their economies while ensuring inclusive growth and sustainable development.
This is in response to the challenges Caribbean islands are facing when it comes to sustainable use of marine resources, including impacts on ocean-related sectors, such as fisheries, research, tourism, and on maritime transport infrastructure.
Contained within the MoU, the Blue Economy proposal is a paradigm shift that coordinates sectors instead of creating silos, promotes more integrated approaches to marine management and delivers structural funding, innovation, capacity building, and other changes that improve the management of Small Islands Development States’ (SIDS) maritime space and related sectors.
It was signed by The UWI Vice-Chancellor, Professor Sir Hilary Beckles, and UNDP Regional Director for Latin America and the Caribbean, Dr. Luis Felipe López Calva. This joint venture will provide Caribbean governments and other public entities commissioned research and high-level technical assistance on critical development challenges that can have catalytic impact in the region.