Cape Verde identifies seven projects to compete for the 1st National Blue Economy Investment Plan

4 December 2019

A group of seven projects have already been identified to take part in or compete for the First National Blue Economy Investment Plan (PNIEA I) in Cabo Verde, including projects for coastal renewal and aquaculture, announced the national coordinator of the Blue Economy Programme.

Iolanda Brites said that these seven projects, presented by city councils and the public and private sectors, are in line with the concept and principles of the blue economy to be implemented in Cabo Verde, according to the Inforpress news agency.

At the end of a meeting held on Tuesday in Praia, the national coordinator said that the projects must respect three components – social, economic and environmental – since, with a budget, they will be ready to be submitted for funding.

The transition process to the blue economy in Cabo Verde is funded by the African Development Bank and is receiving technical assistance from the United Nations Food and Agriculture Organization (FAO).

The Cape Verdean government intends to transition to the blue economy by identifying projects and investments in line with the blue economy principles in which conservation of aquatic and marine ecosystems is paramount, along with sustainable use and management of ocean resources and social inclusion.

Brites recalled that the government had approved the unified strategic framework for the blue economy, which sets out the PNIEA development guidelines and the Multiyear Transition Process Support Programme as instruments to facilitate the country’s transition to a principles-based sustainable growth model. (Macauhub)