Guinea-Bissau’s Blue Economy Strategy
Guinea-Bissau’s Blue Economy Strategy
November 16, 2024
Over the past few years, Small Island Developing States (SIDS) have embraced the emerging concept of the Blue Economy as a means of achieving sustainable and inclusive growth based on an ocean economy. This approach is based on an inclusive vision, involving all the relevant players in the process, and proposes a specific roadmap that allows policymakers to make coherent decisions to adequately address the intrinsic challenges of SIDS, with the high energy or trade costs arising from their isolation and consequent logistical difficulties, among others. The Blue Economy emerges in an integrated and responsible manner, based on scientific, efficient, inclusive and sustainable use of natural marine capital, while seeking to boost socio-economic benefits for Guinea-Bissau. For this reason, Guinea-Bissau’s Blue Economy Strategy is intended to be a reference document that sets out the public policy agenda for achieving a more sustainable and balanced development process, in line with national and international development agendas