The UfM conference on Blue Finance aims at:
- Providing an overview of the current investment opportunities for the sustainable development of the Mediterranean Blue Economy and Offering practical guidance on the procedures to follow;
- 2. Discussing the enabling conditions (policy/regulatory environment; technical assistance; etc.), to attract funding
- 3. Organising direct networking opportunities and matchmaking sessions between countries and businesses and financial institutions, banks or investors.
This can best be done by building on a solid background, i.e. based on a number of formal priorities and goals, set and endorsed by the countries themselves, thus providing a clearer vision for Banks and Financial institutions, in terms of sectors and/or activities that countries are prioritising.
Hence, the event will be linked to both EU and UfM political priorities, aligning in particular with the 2021 UfM Ministerial Declaration on Sustainable Blue Economy: the priorities should be seen as sectors and/or enablers for which funding and investment should be targeted and encouraged.
Although overall the conference will cover the whole Mediterranean and will be open to all UfM and EU countries, it will focus particularly on the Southern and Eastern Mediterranean countries and will have session(s) especially dedicated to these.
It will take place in the form of a physical Conference in Barcelona, with the expected number of participants being around 200/250.
The idea is to bring together various financial institutions, banks (multilateral and national), private investors as well as key representatives of the UfM countries, including industry/business.
The Conference will be structured around two main sessions on:
- Access to finance, including enabling conditions for investing in Mediterranean and examples/best practices currently in place. Opportunities and modalities for investments in blue economy sectors; EU funding; International funding; funding by Multilateral Development Banks; National funding; and Private investments. The sessions will be set-up as either panels or presentations by the Banks/financial institutions and will ensure interactivity and attendee participation (time for Q&A, slido/MentiMeter etc.). They will showcase specific examples on projects already undertaken with their funding.
- Matchmaking sessions between the countries and the Banks/Financial institutions. These will be booked and planned in advance so that the participants can present concrete project proposals and discuss/receive in situ feedback as well as plan ahead their viability.
22 June 2022
The ocean economy is expected to double to $3 trillion by 2030, employing 40 million people, as compared to 2010. Blue Finance offers tremendous opportunities to help address pressing challenges and contribute to economic growth, improved livelihoods, and the health of marine ecosystems.
In the Mediterranean region, the main sources of investments in the sustainable blue economy include public funding opportunities offered by International Organisations, governments, Multilateral Development Banks (MDBs) and “green funds”. Such funding is offered in the form of grants or lending instruments aimed at the co-financing of projects and providing support to infrastructure development and SMEs. In parallel, the private sector is showing increasing interest in sustainable investments through innovative financial instruments, such as “blue bonds”.
More information: UFM Blue Finance Conference