A brand new US 48 million greenback challenge to strengthen the inspiration for blue financial development and sustainable growth of marine dwelling assets by specializing in marine spatial planning, area-based administration, and climate-smart sustainable seafood worth chain growth has commenced.
The Caribbean Regional Fisheries Mechanism (CRFM), the Meals and Agriculture Group of the United Nations (FAO), and the Improvement Financial institution of Latin America and the Caribbean (CAF), are partnering to implement the four-year challenge within the area.
This initiative titled the “BE-CLME+: Selling Nationwide Blue Financial system Priorities By means of Marine Spatial Planning within the Caribbean Massive Marine Ecosystem Plus” challenge, goals to take care of and protect cultural heritage via sustainable fisheries administration, improved livelihoods, and various livelihoods whereas strengthening the mixing of fisheries and ecosystem administration to revive, shield and keep marine biodiversity, productiveness, and resilience of marine ecosystems.
The International Setting Facility (GEF) endorsed the Challenge in November 2022, together with the availability of US$6.2 million for the challenge. The taking part nations are Barbados, Belize, Guyana, Jamaica, Panama, and Saint Lucia, whereas the companions accomplice organizations are CAF, FAO, CRFM, UWI-CERMES, College of Florida, which has dedicated co-financing of roughly US$41.7 million. The CRFM is the manager company, whereas FAO and CAF are the GEF co-implementing businesses. These companions will help the governments of the taking part nations in implementing the challenge interventions, from which advantages might be unfold throughout the area.
The challenge has three foremost elements: (i) implementing cross-sectoral marine spatial planning and area-based administration instruments; (ii) inclusive, climate-smart sustainable seafood worth chains; and (iii) regional coordination, challenge administration, and data administration.
The Inception Workshop and First Regional Steering Committee Assembly of the Challenge is being convened from 27-29 September 2023 in Panama Metropolis, Panama. The conferences are anticipated to approve a number of necessary paperwork together with the primary 12 months’s workplan and can mark the graduation of discipline actions beneath the challenge.
The BE:CLME+ challenge seeks to steadiness the sustainable use and conservation of the area’s marine assets with financial and social advantages for the nations and native communities via coverage recommendation, capability growth, and data sharing, meals safety and dietary advantages, and elevated stakeholder involvement and empowerment together with girls, youth, indigenous teams within the wider Blue Financial system development initiative.
