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Private Sector Partnerships for a Sustainable Blue Economy in the Western Indian Ocean
The document identifies a history of disappointing outcomes in private sector partnerships within the Western Indian Ocean (WIO) region, often due to the private sector being viewed solely as a funding source and a general lack of trust between stakeholders. It argues that meaningful partnerships must be based on mutual benefit, clearly defined roles, and a recognition of the diverse nature of private sector actors, ranging from micro-enterprises to multinational firms. The briefing supports the adoption of the Strategic Framework for Private Sector Partnership for the Western Indian Ocean Region and suggests exploring a regional platform to facilitate innovation and coordination between government, private sector, and civil society, potentially modeled after the Consortium for the Conservation of the Coastal and Marine Ecosystems in the Western Indian Ocean (WIO-C).
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Document type: Briefing