The Global Green Growth Institute (GGGI) and the Caribbean Biodiversity Fund (CBF) have solidified their collaboration through the signing of a Memorandum of Understanding (MoU), marking a significant step toward advancing sustainable development in the Caribbean. The agreement, finalized in August 2025, underscores a shared commitment to fostering the blue economy, promoting green growth, and enhancing climate resilience across the region. By combining GGGI’s expertise in sustainable strategies with CBF’s innovative financial mechanisms and conservation projects, the partnership aims to unlock economic opportunities while safeguarding biodiversity and improving livelihoods. The initiative will focus on strengthening planning processes, financial frameworks, and institutional capacities at national and local levels, with the ultimate goal of translating development plans into actionable outcomes. The blue economy, which emphasizes the sustainable use of ocean resources, is particularly vital for the Caribbean, where over 90% of economies rely on marine ecosystems. Green growth complements this by ensuring economic progress is environmentally sound and inclusive. Together, these strategies are critical for the region’s long-term sustainability and global competitiveness. The partnership also emphasizes regional cooperation, knowledge exchange, and leadership development, with plans to establish learning hubs and collaborative platforms. Both organizations will explore innovative financial tools, such as blue bonds and circular economy models, to support Caribbean nations in achieving their sustainable development goals. Karen McDonald Gayle, CEO of CBF, highlighted the alliance’s importance in preserving the Caribbean way of life, while Daniel Muñoz-Smith, GGGI’s Caribbean Representative, stressed the strategic value of leveraging the region’s natural assets for inclusive progress and climate resilience.
Sustainable development of region’s oceans and natural resources take center stage in GGGI, CDF agreement
