Somali Sustainable Fisheries and Blue Economy Development Project (WB-P178032)

Countries
  • Somalia
Geographic location 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 31, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Federal Republic of Somalia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 15, 2022

Disclosed by Bank Oct 8, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

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.

  1. 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.

    1. Subcomponent 1.1: Lay a foundation for effective, transparent, and equitable fisheries resource governance. This will include the following key activities:

    2. Subcomponent 1.2: Developing a comprehensive Monitoring Control and Surveillance system to reduce IUU fishing in Somali waters.

    3. Subcomponent 1.3: Piloting co-management in targeted communities.

  2. 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.

    1. Subcomponent 2.1 Building capacity to improve the sustainability and value of selected Somali fisheries.

    2. Subcomponent 2.2: Climate-resilient, small-scale fisheries infrastructure.

  3. 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.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank:
Julien Marie Francois Million, Stephen Ling
Senior Fisheries Specialist

Borrower:
Ministry of Finance of the Federal Republic of Somalia

Implementing Agency:
Ministry of Fisheries and Marine Ressources of the Federal Government of Somalia
Mohamoud Sh. Abdullahi
Director General
dg@mfmr.gov.so 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission 

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint 

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How it works