Project

Inclusive Blue Economy Project (I-BE)

Sector

Agricultural development

Financing chart
Financing Gap (USD)
5,755,000
Target group
120,000
Beneficiaries
Project target area

5 municipalities: Limonade, Caracol, Terrier Rouge, Fort-Liberté, Ferrier

 
Summary
Inclusive Blue Economy Project (I-BE) aims to contribute to rural coastal communities’ ability to sustainably manage their resources by making community-led marine conservation a source of sustainable income, thus reducing poverty and inequalities and strengthening climate resilience. Its development objective is to reduce the pressure on natural resources by diversifying livelihoods and promoting marine conservation in order to provide a sustainable income to rural women, men and youth in communities of the Three Bays Protected Area (AP3B) and its neighboring areas.
Components and Objectives
I-BE has two main components.
Component 1: Governance and sustainable natural resource management. This component aims to address the inclusive management of the protected area through the involvement of all relevant actors. Governance by the Government and the inhabitants of the protected area will be strengthened through the updating and especially the dissemination and socialization of the management plan.
Component 2: Sustainable community economic ecosystems. This component aims to finance and support actions that facilitate the improvement and diversification of community members’ livelihoods. Climate vulnerability analysis were carried out during the conception phase, and mitigation measures have been duly integrated within the project´s framework to ensure its long term viability.
Financing

Total project cost

26,600,000

IFAD financing
 

52.6 %
14,000,000
14,000,000
IFAD

International cofinancing

12.2 %
3,245,000
3,245,000
Crisis Response Initiative

National cofinancing

13.5 %
3,600,000
1,091,000
Beneficiaries
2,509,000
National Government

Financing
gap

21.6 %
5,755,000

Approval date

December 30, 2021

Expected duration

2022 –
2028

Lending terms

Debt Sustainability Framework

Income level

Lower-middle Income

Replenishment cycle

IFAD 11

Implementing agency

Ministry of Economy and Finance

Contact information

Country Director: 
Paolo 
Silveri 
Email: p.silveri@ifad.org