Blue Economy Development Challenges and Opportunities in Madagascar

Overview & Synopsis

Madagascar’s rich marine and coastal ecosystems offer a unique opportunity to drive sustainable economic growth, strengthen climate resilience, conserve globally significant biodiversity, and create more and better jobs. Anchored in the National Blue Economy Strategy, the country can build on successful experiences in community-based marine management, sustainable fisheries, mariculture, and marine conservation to unlock new opportunities for coastal communities. By advancing nature-based solutions, strengthening natural capital valuation, expanding market pathways, and leveraging innovative blue finance instruments, Madagascar can attract investment, enhance livelihoods, and promote inclusive growth. A thriving blue economy can position the country as a regional leader in sustainable ocean and coastal development.