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News World Bank Report: Blue Economy Offers Opportunities for Sustainable Growth in Tunisia

 With support from the World Bank, in June 2022, Tunisia launched its first report on the status of the blue economy. The report, titled "The Blue Economy in Tunisia: An Opportunity for Integrated and Sustainable Development of the Sea and Coastal Areas", recommends initial guidelines for a national strategy in this area. Spearheaded by the Ministry of the Environment and the Secretariat General for Maritime Affairs, the report is the product of extensive consultation with stakeholders in the blue economy, including the public and private sectors, researchers, and various civil society organizations. “The blue economy offers an opportunity for sustainable development and wealth creation for Tunisia through sustainable use of marine and coastal resources for economic growth, improved livelihoods and jobs, and healthy marine and coastal ecosystems,” said Alexandre Arrobbio, World Bank Country Manager for Tunisia. The report identifies three strategic objectives: (i) promotion of economic growth of maritime activities (ii) social inclusion and gender equality, and (iii) sustainability of natural resources and ecosystem services. Following the publication of this report, the Tunisian Government and the World Bank will continue their cooperation for the development of the blue economy in Tunisia. The World Bank has mobilized the PROBLUE Trust Fund to undertake the second phase of technical assistance, supporting a roadmap for the development of the blue economy in Tunisia. In the second phase of assistance to Tunisia, the Bank will conduct analyses and offer advice on institutional policies and promotion of public and private investment, in addition to providing support for strategic and operational dialogue with relevant stakeholders.

Contact information n/a
News type Inbrief
File link https://www.worldbank.org/en/news/press-release/2023/01/25/world-bank-report-blue-economy-offers-opportunities-for-sustainable-growth-in-tunisia#:~:text=%22The%20blue%20economy%20offers%20an,Bank%20Country%20Manager%20for%20Tunisia.
Source of information worldbank
Subject(s) FINANCE-ECONOMY
Geographical coverage Tunisia
News date 07/03/2023
Working language(s) ENGLISH
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