Development: let’s go for the blue economy

The World Bank has just approved a $ 350 million loan to support the launch of the government’s blue economy program. This line of credit aims to stimulate job creation and economic growth, while improving the sustainability and stability of natural resources, as well as food security, an issue that has become even more important in the effects of war on Ukraine.

New to the development of the sector. The World Bank has just approved a $ 350 million loan to support the launch of the government’s blue economy program. A loan aimed at stimulating job creation and economic growth, while improving the sustainability and stability of natural resources, as well as food security, an issue that has become even more important in the effects of the war in Ukraine.

An objective that involves developing the necessary institutional frameworks, improving integrated management of natural resources and strengthening several sectors for a blue economy that is resilient to climate change in target areas. “Bordered by the Mediterranean Sea and Atlantic Ocean more than 3,500 km, Morocco has strong potential for the development of the blue economy.

Its coastal areas already make up more than half of the nation’s GDP and jobs, while greater potential remains untapped in stable and emerging blue sectors, such as aquaculture, seaweed farming and marine renewables. energy.

As indicated by the diagnosis established in its New Model of Development, Morocco tends to develop “coastal clusters” that attract investment and create jobs, while ensuring sustainable development ”, underlined by Jesko Hentschel, World Bank’s Director of Operations for the Maghreb.

One project, two parts working together
In detail, the project includes two interrelated components intended to support the government program. The first, which revolves around an interterministerial commission and regional coordination mechanisms, supports the establishment of institutional frameworks aimed at strengthening vertical and horizontal coordination. It will also focus on establishing a new collaborative operating model across sectors and regions, optimizing budget planning and working towards common goals.

The second part focuses on investing in key areas of the blue economy, including sustainable tourism and the aquaculture sub-sector; professional training focused on managing the blue economy; protection and management of ecosystem services; and improving climate resilience in target areas.

The resulting job creation and economic growth is expected to drive a recovery from the Covid-19 pandemic. To contribute to food security, the program will support the creation of aquaculture farms and the conservation of marine resources in protected areas.

It will also work to promote gender equality and the inclusion of young people through support structures (business incubators) and technical support.

Start with the readings sailors
To begin, marine surveys will be conducted to estimate, on a scientific basis, the health of fish stocks and determine the steps to be taken to manage them. The quality of beaches, a key asset for coastal tourism, will also be subject to environmental monitoring, while the exploitation of satellite images of coastal areas will make it possible to measure erosion and support decisions that related to development.coastal areas.

Finally, 14 new aquaculture farms, combining shellfish farming and seaweed farming, will be created to stimulate production, attract future investments and create new jobs for women and youth, which will promote the opening of sub -this sector in the greatest number. “With its abundant marine and coastal resources, the Moroccan coast offers, at the end of the pandemic, prospects for jobs and equitable recovery, and greater resilience in the face of climate change.

Morocco strives to create a greener, more stable and more inclusive society. The blue economy program serves as a common platform for various regions and sectors for the development and implementation of integrated solutions focused on the effective management of marine and coastal resources.

That is why the program supports a fair and sustainable society, ”said Marcelo Hector Acerbi, senior environmental specialist and project manager. Note that these projects are in line with the recommendations of the Economic, Social and Environmental Council (CESE) and the New Development Model (NMD).

A straight line project along with the recommendations of CESE and the NMD
In fact, recognizing that the blue economy is a strategic issue for the Kingdom, the ESEC has even produced a report in which it recommends the adoption of a national strategy for a sustainable and inclusive blue economy, adapted to the territories. vocation and spread to traditional sectors of the economy. (fishing, tourism and port activities), while developing new sectors with strong growth potential (aquaculture, ecotourism, marine bioproducts or biotechnologies, shipbuilding, energy, etc.).

This report provided decision makers, actors and stakeholders with a strategic reflection on maritime capital and the marine environment, with an analysis of assets, barriers, opportunities and threats, in addition to the proposal of a guideline. and operational recommendations for the implementation of a national economic strategy.

The ESEC document on the blue economy also stressed the consensus of various actors on the enormous potential of Morocco’s fishery resources and stressed the urgency of combining the efforts of state and non-state actors. to accelerate a successful transition towards the blue economy and thus meet the needs, while respecting the principles of good governance and sustainable management of resources and ecosystems.

It should be noted that in the final stage of its diagnosis, ESEC has focused on a nodal point of the blue economy, especially the issue of governance, to achieve the protection of marine space, its enhancement and its sustainable and inclusive exploitation.

In insisting on this point, ESEC strikingly underlined that the transition to a blue economy requires a high level of leadership to ensure coordination and arbitration functions for coherent and effective interventions of various productive sector.

Sami Nemli / ECO Inspiration

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