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Implementation Framework for Virgin Islands’ Strategic Blue Economy Roadmap
Implementation Framework for Virgin Islands’ Strategic Blue Economy Roadmap
March 1, 2024
The Virgin Islands, having recovered from the 2017 weather-related events, faced a setback with the global impact of the COVID-19 pandemic, leading to a recession in many Caribbean economies. The aftermath of Brexit and the 2022 Russian invasion of Ukraine further challenged the Virgin Islands’ economic stability.
Amidst these complexities, the implementation of the Virgin Islands Blue Economy (BE) Roadmap (2020- 2025) has been hindered. To that end, there is a need to establish a framework that can guide the planning and development of maritime activities in a rational and sustainable manner for the social and economic development of the Virgin Islands.
With financial support from the United Nations Development Programme (UNDP), a rapid review assessment of the existing Blue Economy Roadmap (2020-2025) was undertaken in December 2023 to evaluate and propose updates to advise the Government of the Virgin Islands on immediately implementable actions that are suitably programmed and sequenced in line with national visions and aspirations.
