Jamaica’s Blue Economy benefits from US $400,000 in technical assistance administered by the World Bank through the PRO-BLUE Trust Fund Initiative.

That’s according to Minister without Portfolio in Economic Growth and Job Creation, Senator Matthew Samuda.

He was speaking on Wednesday at the Jamaica Blue Economy Framework Project Stakeholders’ Validation Workshop in Kingston.

Mr. Samuda says 20% of the country’s gross domestic product, GDP, is attributed to opportunities under the Blue Economy.

Senator Matthew Samuda, Minister without Portfolio in Economic Growth and Job Creation.

The ‘PROBLUE’ initiative involves a US $200 million multi-donor trust fund administered by the Bank.

It’s aimed at helping Small Island Developing States, such as Jamaica, to achieve a sustainable blue economy.