Regional Project on Sustainable Fishery and Aquaculture Development in the Red Sea and Gulf of Aden (WB-P515702)

Regions
  • Middle East and North Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Djibouti
  • Yemen
Geographic location where the impacts of the investment may be experienced.
Specific Location
Red Sea and Gulf of Aden
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Mar 25, 2027
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
Government of Djibouti; PERSGA; UNDP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Infrastructure
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 75.00 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)
$ 75.00 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 Sep 20, 2026

Disclosed by Bank Jun 4, 2026

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Contact the EWS Team

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 the Bank’s website, the objective of this project is to promote the development of a sustainable, private sector-driven marine aquaculture value chain in Yemen and Djibouti, to continue supporting community-based fisheries in Yemen, and to strengthen regional collaboration.

The SFISH-2 project is envisioned as regional marine aquaculture and fisheries initiative for the Red Sea and Gulf of Aden, with components that address regional management of these natural resources, along with country-level investments in the mariculture sector. In Yemen and Djibouti, the project aims to deliver public infrastructure, services, and enabling policies needed to establish a competitive, privately led aquaculture industry that creates jobs, increases food security, and grows exports. Interventions in Yemen and Djibouti center on the commercial production of sea bass for export, sea bream for local markets, and community-based lobster products, all supported through contract farming and guaranteed feed and offtake arrangements. A regional component will support the transboundary management of fisheries in the Red Sea and Gulf of Aden to support the sustainability of stocks in the long-term.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental and Social Risk Classification: Substantial

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

Total Project Cost: US$ 75.00 million
IDA Credit: US$ 75.00 million


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
Suiko Yoshijima - Senior Environmental Specialist

Borrower/Client/Recipient
United Nations Development Programme
Government of Djibouti
PERSGA

Implementing Agencies
United Nations Development Programme
Ministry of Agriculture, Livestock & Fisheries
PERSGA

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