Program on Sustainable Fishery Development in Red Sea and Gulf of Aden (SFISH) (WB-P178143)

Regions
  • Middle East and North Africa
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
Approved
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
Jun 7, 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
United Nations Development Programme
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)
$ 45.00 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)
$ 45.00 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 13, 2022

Disclosed by Bank Oct 24, 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 objective of the overall proposed program with series of projects (SOPs) is to promote regional cooperation for sustainable fishery management in the RSGA region and strengthen the fishery value chain in RSGA countries.

The Development Objective of this first project of the program is to strengthen mechanisms for regional collaborative management of fisheries in the RSGA region and improve the the fishery value chain in Yemen.

The project has three components:

  1. Component 1: Strengthening regional collaboration in management of marine fisheries and aquaculture in the RSGA region (approximately US$3.5 million). This component will aim to strengthen and sustain regional collaboration through support to science-based management of fisheries in the RSGA, development of a regional platform for coordination of policies, legislation, management plans and measures for responsible fisheries and aquaculture and use of ecosystems approaches, and support to regional level capacity building and technical assistance program on management of living marine resources responding to both anthropogenic and climate induced changes.

  2. Component 2: Improving Economic Opportunities, Food Security and Effective Management of Fishery Production in Yemen. This component includes two sub-components which will be implemented by United Nation Development Program (UNDP).

    1. Sub-component 2.1. Improving the resilience of the fishery value chain for sustained livelihoods.

    2. Sub-component 2.2. Governance systems and knowledge developed for effective management and climate resilience of fisheries.

  3. Component 3. Project Management, Monitoring and Evaluation and Reporting. This will include two subcomponents:

    1. Sub-component 3.1. Project management, monitoring and evaluation and reporting by PERSGA.

    2. Sub-component 3.2. Project management, monitoring and evaluation and reporting by UNDP.

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:
Darshani De Silva
Senior Environmental Specialist

Aminur Rahman
Lead Economist

Borrower:
United Nations Development Programme
Auke Lootsma
Resident Representative
auke.lootsma@undp.org

Regional Organization for the Conservation of the Environment of the Red Sea and Gulf of Aden
Prof. Ziad Abu Ghararah
Secretary General
ziad@persga.org

Implementing Agencies:
United Nations Development Programme
Nahid Hussein
Deputy Resident Representative - Programme
nahid.hussein@undp.org

Regional Organization for the Conservation of the Environment of the Red Sea and Gulf of Aden
Ahmed Khalil
Coordinator Projects Management
ahmed.khalil@persga.org 

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 

How it works

How it works