Blue finance is implementing a co-management approach for the sustainable financing and efficient management of the Marine Management Area “Waliwa” in Ste Luce (12km2) .
Located in the SW part of Martinique (French West Indies), the Ste Luce council is establishing a Marine Managed Area in its jurisdiction. Motivated by expected enhancements of the ecosystem services of coastal&beach protection, scenic beauty and fish biomass, the local stakeholders are looking for improved management of their coastal areas.
To ensure the success of the project, the Local authorities agreed to not only designate the MMA but to ensure that the management team is armed with sufficient financial resources and capacities.
Blue finance is now implementing partnerships with the private sector to participate in the co-management of the future “Waliwa” MMA .