Financing the Blue Economy: A Caribbean Development Opportunity

Date: Thursday, May 31, 2018

Time: 10:00 a.m.

Venue: Radisson Grenada Beach Resort, The Crown Ballroom

Overview

Blue economy refers to the sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health. Blue economy industries play a substantial role in global commerce, and the importance of these activities is likely to increase as a growing more affluent population places more pressure on suppliers to develop new sources of food, energy, and minerals. Although extremely small and limited in land size, the Caribbean has vast maritime resources at its disposal. This study will explore the potential for ocean based industries to increase economic growth and improve livelihoods in the Caribbean.

The seminar will discuss a CDB-commissioned study that examines innovative international and “homegrown” mechanisms to mobilise financial resources to fund industry creation and expansion. Panellists will also discuss policy recommendations aimed at improving the entrepreneurial ecosystem for blue economy initiatives and enhancing the investment climate.

Study

Download study

Chairperson

Gail Hurley
Development Finance Policy Specialist
United Nations Development Programme

Panellists

Dr. Eric Deans
Chief Executive Officer
Jamaica Special Economic Zone Authority; and Chairman, Jamaica Logistics Hub Initiative Task Force

Robert Weary
Senior Director
NatureVest, the Nature Conservancy
United States of America

Dr. Roger McLeod
Economist
Caribbean Development Bank
View presentation

Tahseen Sayed
Country Director for Latin America and the Caribbean
World Bank