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Towards a Blue Recovery in Fiji

COVID-19 Appraisal Report

image of Towards a Blue Recovery in Fiji

The global COVID-19 pandemic has severely affected Fiji, hitting at backbone economic sectors, such as international tourism and export fisheries. It has also brought to the fore the need to embark on a more sustainable model of development. This report examines Fiji’s economic and sustainability trends, as well as the governance and financing of its ocean economy before and during the COVID-19 crisis. It provides an initial mapping of promising initiatives and funding instruments that can be developed and scaled up to foster a sustainable blue recovery, focusing on four main areas: sustainable fisheries, sustainable tourism, green shipping and marine conservation.

English

Financing for a sustainable ocean economy and blue recovery

As a small island developing state, Fiji faces specific challenges both in mobilising public finance and attracting private investments. This chapter provides a short comparative analysis of Fiji’s government revenues. It discusses the innovative financing mechanisms, such as green bonds, blue bonds, and environmental taxes, which Fiji is using to mobilise more public and private finance. The chapter also provides original estimates of Official Development Assistance directed in support of the ocean economy of Fiji, detailing its scope, nature and destinations.

English

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