Towards a Blue Recovery in Samoa.

Format:

Book

Author/Creator:

Organization for Economic Cooperation & Development, author.

Language:

English

Subjects (All):

Recovery movement.

Physical Description:

1 online resource (110 pages)

Edition:

1st ed.

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2023.

Summary:

Through an analysis of Samoa's economic trends and environmental pressures, institutional set-up and policy tools, as well as financing landscape, this report identifies opportunities and challenges for Samoa's ocean economy to drive sustainable and resilient development.

Contents:

Intro

Foreword

Acknowledgements

Abbreviations and acronyms

Executive summary

Samoa's ocean economy is both a source of vulnerability and opportunity for its sustainable development

Samoa's policy framework provides a solid foundation for sustainable ocean management, but links with development and sector strategies can be improved

Aligning scarce financial resources and ocean-related investment needs is crucial for unlocking the potential of Samoa's ocean economy.

1 The ocean economy of Samoa: Economic trends, the impact of recent crises and sustainability stressors

1.1. Samoa's ocean economy in the context of its overall development

1.2. Composition and trends of Samoa's ocean economy

1.3. Sustainability trends of Samoa's ocean economy

1.4. Samoa's ocean economy in the face of recent shocks

Samoa's economy contracted heavily during the COVID-19 pandemic, owing mainly to the suspension of international tourism.

Despite the resumption of economic activity, Samoa's recovery has been stalled by recent crises.

1.5. Potential of Samoa's ocean economy to spearhead economic growth and sustainable development

References

Notes

2 Governance and policy tools for Samoa's sustainable ocean economy

2.1. The Samoa Ocean Strategy: A framework for ocean governance

Stakeholder consultations have been instrumental in formulating the Samoa Ocean Strategy (SOS).

The National Ocean Steering Committee is an important vehicle for policy co-ordination and successful SOS delivery.

Marine spatial planning is a notable step towards integrated ocean management.

2.2. Situating the Samoa Ocean Strategy in the country's broader policy landscape

Samoa's national and district development plans set out its vision for development and need to be aligned with the Samoa Ocean Strategy.

Sectoral plans inform granular priorities of ocean-relevant sectors and are important bases for SOS integration.

Tourism

Fisheries and aquaculture

Maritime transport

Marine protection and sustainable management

Mineral and non-living marine resources

3 Financing Samoa's sustainable ocean economy

3.1. Public finance

Tax revenues are a major source of finance for the government

At high risk of debt distress, Samoa has little room to take on more public debt

ODA plays an important role in Samoa's finance mix but could better target the sustainable ocean economy and align with the SOS

3.2. Private finance

Remittances are a major source of financing, but labour mobility also generates socio-economic challenges

Structural constraints typical of SIDS limit private sector investment

3.3. Innovative finance

Innovative financing can complement the suite of financing instruments

Blue bonds could be included in the medium- to long-term financing plan of the SOS

Swaps could be considered as a contingency option in the event of an escalating debt situation in Samoa

Samoa can explore how to benefit from emerging opportunities in blue carbon, payment for ecosystem services and insurance

4 Opportunities and tools for fostering a blue recovery

4.1. Cross-cutting recommendations

Enhancing the contribution of the ocean economy to Samoa's long-term growth requires addressing constraints inhibiting the development of key sectors

In its approach to ocean governance, Samoa stands to benefit from strengthening cross-sectoral linkages and better integrating economic, social and environmental goals.

Successful delivery of the SOS requires costing, regular monitoring and evaluation.

Limited fiscal space, calls for a prioritisation of public investments and the efficient use of concessional finance

Precise, robust measurement of Samoa's sustainable ocean economy would serve as a basis for effective policy making and delivery

4.2. Sector-specific recommendations

Sustainable tourism

Sustainable fisheries

Emerging sectors

References.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-87852-1

92-64-52180-1