St. Vincent and the Grenadines is among countries to benefit from a US$6.3 million grant approved by the World Bank to support Eastern Caribbean countries to preserve and strengthen resilience of coastal and marine resources, and implement regional policies to stimulate blue growth.
This will allow countries to better manage natural infrastructure which is the first line of defense against storm surges and damage from rising frequency of extreme weather events, such as the recent hurricanes.
The Caribbean Regional Oceanscape project will be implemented through the Organization of Eastern Caribbean States (OECS) Commission in close collaboration with member-states.
“This project will support the Eastern Caribbean policy-makers in identifying smart policies to harness the ocean and all its natural assets, and prepare for a successful transition to a blue economy and socially equitable ‘blue growth’”, said Tahseen Sayed, World Bank Country Director for the Caribbean.
The project supports Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines to transition towards a ‘blue economy’ model, where sustainable ocean-based industries help deliver jobs, reduce poverty and promote shared prosperity across the region.
This project is financed by a US$6.3 million grant from the Global Environmental Facility (GEF).
