The objective of Bluefinance is to achieve environmental, social and financial returns through strengthened collaboration with the private sector in marine management and conservation in coral reef areas. Specifically, Bluefinance seeks to develop and implement a suite of national projects demonstrating sustainable financing of marine management, by structuring and managing impact investments in marine conservation and supporting the establishment of Marine Managed Areas; as well as providing guidance and tools that may facilitate broader application of the approach.
At present, Bluefinance is in process in Barbados in collaboration with the Coastal Zone Management Unit, Ministry of Environment and Drainage, Government of Barbados, under the coordination of the SPAW-RAC. Scoping, as well as initial stages in St. Kitts & Nevis and Antigua & Barbuda.
Last Updated: 14 November 2016