Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Govern (WB-P157801)

Countries
  • Maldives
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 11, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MINISTRY OF FISHERIES AND AGRICULTURE
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 18.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 18.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 14, 2017

Disclosed by Bank Dec 1, 2016


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Project Description
The project's objective is to improve management of fisheries at regional and national levels including support to establish mariculture in targeted atolls in the Maldives. The project components are directly linked to the wellbeing of the regional fishery stock. The project will consist of two components; one will focus on improving the currently inadequately managed capture fishery, and the other one will support diversifying the fisheries economy so that sufficient jobs and income are created outside capture fishery to reduce stress on the regionally shared fish stock. Both components will build improved resilience in Maldives.
Investment Description
  • World Bank (WB)
Contact Information
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