Ensuring a multistakeholder approach, including financial institutions and bilateral and multilateral donors in the dialogue and more specifically on investment in the blue economy financial institutions are involved since start, in particular the EIB, AfD, KfW. The UfM receives also support from SIDA and GIZ for complimentary Blue Economy activities.
The UfMS will continue to promote discussion on current needs, limitations and opportunities to further encourage innovative financial instruments in the sustainable Blue Economy, through participation and co-organisation of future events such as Blue Invest events, organized by the European Comission, and follow up to the meeting on the implementation of the Sustainable Blue Economy Finance.
- Permanent representation North-South through the UfM CoPresidency (EU and Jordan);
- Permament platform for dialogue - UfM Working group on Blue Economy (countries and stakeholders; countries are represented based on national priorities with respect to the BE dossier, thus contributing to a cross-sectorial exchange at regional level)
- Solid tools for stakeholders' involvement, including the Med Blue Economy Platform; regular Stakeholders Conference/s; representation of categories of stakeholders at the UfM WG on Blue Economy
It is crucial to align strategies and implementation modalities and complement existing roadmaps.
The ambition is to foster the transfer, exploitation and mainstreaming of knowledge and results developed under different Euro-Mediterranean initiatives – including ENPI/ENI CBC Med Programme, Union for the Mediterranean, Interreg MED Programme, PRIMA, WestMED, the regional and bilateral components of the European Neighbourhood Policy, etc.