Immediate needs and long-term structural challenges…

The world is facing a poly-crisis that threatens the achievement of the SDGs, including SDG 14. Key ocean economy sectors, at the heart of the economies of many countries, such as tourism, fisheries, maritime transport, have been hit hard by recent global disruptions, and are increasingly affected by geopolitical tensions and conflicts, the surge in inflation and tightening financial conditions, as well as the adverse effects of climate change and the ecological crisis. At the same time, the ocean economy can be part of the solution, integrating the process of fundamentally rethinking and transforming business models, as a new driver for sustainable development that can effectively deliver value for the people and for the environment and enhance systemic resilience.

Side event to the 2023 Financing for Development Forum organized by Portugal and OECD, together with Indonesia, and the Alliance of Small Island States (AOSIS), the EIB and the Joint SDG Fund.