Background

Blue finance in Martinique

Our work is to assist the establishment of the new Marine Management Area “Waliwa” in Ste Luce (12km2) and explore the co-management approach.

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 exploring the potential of partnerships with the private sector (local hoteliers mainly) to participate in the co-management of the future “Waliwa” MMA.
Background