Charting a Blue Course
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Washington, DC: World Bank
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The Democratic Republic of São Tomé e
Príncipe (STP) is the smallest independent island state in
Africa, having gained independence in 1975, following the
Seychelles. STP has a predominantly young population.
However, as an island micro-state, the country faces many
development problems specific to islands and small
countries, such as weak governance capacity, the inability
to provide basic services to the population, and a lack of
adequate infrastructure (ports, electricity, airports).
Additionally, high production and distribution costs of
goods and services, including food products, exacerbate the
poverty level of the population. The virtually nonexistent
corporate structure and undiversified, highly dependent
economy make the country vulnerable to exogenous shocks. To
address these challenges, STP developed and adopted a
Transition Strategy for the Blue Economy in December 2019.
This strategy aims to establish the coherence of public
policies linked to oceanic resources with the policies of
other sectors, such as fisheries and aquaculture, tourism,
and energy. The purpose of this paper is to consolidate the
analysis of the three investment projects prioritized for
inclusion in the National Investment Plan for the Blue
Economy. While the report does not imply endorsement of
these projects by the World Bank and Food and Agriculture
Organization of the United Nations (FAO), its primary
objective is to illuminate the drivers of cost and benefit
associated with the priorities already identified by the
government of São Tomé e Príncipe.
Palabras clave
STP, BLUE ECONOMY, INVESTMENT PROJECTS, BLUE CABOTAGE, BLUE TOURISM, ARTISANAL COASTAL FLEET