According to bank documents, the Project Objective is to improve the sustainable management of selected fisheries and enhance the capacity of targeted coastal communities to benefit from fisheries production.
Component 1: Strengthening Marine Fisheries Governance and Management ($12 million). This component will (i) support coordination mechanisms, the development of policy, legal and regulatory frameworks, fisheries information systems and management plans, at the federal and state levels, as the foundation of long-term and sustainable fisheries resource management; (ii) address the most immediate management issues through reduction of IUU fishing, and (iii) develop a national model for the co-management of artisanal fisheries. The component will include soft investments in technical assistance and coordination with emphasis on institutional capacitybuilding.
Subcomponent 1.1: Lay a foundation for effective, transparent, and equitable fisheries resource governance. This will include the following key activities:
Subcomponent 1.2: Developing a comprehensive Monitoring Control and Surveillance system to reduce IUU fishing in Somali waters.
Subcomponent 1.3: Piloting co-management in targeted communities.
Component 2: Increasing the Capacity of Dependent Communities to Benefit from Sustainable Marine Fisheries ($33 million). This component will focus on building the capacity of communities to capture more value from sustainable fishing through (i) improving gear, handling and processing, (ii) improving enterprise management skills, private sector partnerships and market information, and (iii) providing various types of critical small-scale fisheries infrastructure to address value chain barriers and crowd in additional private investment.
Subcomponent 2.1 Building capacity to improve the sustainability and value of selected Somali fisheries.
Subcomponent 2.2: Climate-resilient, small-scale fisheries infrastructure.
Component 3: Project Management Monitoring and Evaluation ($5 million). This component will support effective implementation of project activities and fiduciary management and effective monitoring and evaluation, and the application of the Bank’s Social and Environmental Framework. It will provide equipment, technical assistance, training, and incremental operating costs to the Ministry of Fisheries and Marine Resources to strengthen its capacity to manage, implement, and monitor project activities.
Julien Marie Francois Million, Stephen Ling
Senior Fisheries Specialist
Ministry of Finance of the Federal Republic of Somalia
Ministry of Fisheries and Marine Ressources of the Federal Government of Somalia
Mohamoud Sh. Abdullahi
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