Coastal and marine resources are valuable economic assets for Albania. The new concept of Blue Economy is being embraced by Albania as an avenue for preventing environmental degradation and ecological imbalances in the use of coastal and marine resources. It offers new and growing opportunities for Albania. These opportunities include sustainable fisheries and aquaculture, tourism in cleaner beaches and coastal waters, re-emphasizing the crucial role of Albania’s natural capital as a source of employment, income and sustainable growth. There is an increasing awareness of the potential of the Blue Economy, as well as the challenges it may face in Albania. These challenges may present an opportunity to encourage positive change and accelerate necessary reforms.
With the request of Government of Albania, the World Bank has prepared a report on Realizing the Blue Economy potential in Albania, a work that took place between September 2019 and September 2020.
The report focuses on the significance of Albania’s blue assets; the opportunities provided by the Blue Economy; and policies and sector approaches to be pursued in a transition to Blue Economy.
Read full report: “Realizing the Potential of Blue Economy in Albania”
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