Abstract*

The objective of the Pacific Islands Regional Oceanscape Program Project for the Federated States of Micronesia is to strengthen the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitats upon which they depend. The project has four components. (1) Sustainable management of oceanic fisheries component will help participating Pacific Island countries strengthen the management of the region's purse seine... Show More

Development Objective

The objective of the Project is to strengthen the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitats upon which they depend.

Key Details

Project Details

Project ID
P151760
Status
Closed
Team Leader
Iretomiwa Olatunji
Borrower 2
Republic of the Marshall Islands,Ministry of Finance

Country
Marshall Islands
Disclosure Date
November 20, 2014
Approval Date
(as of board presentation)
December 22, 2014
Effective Date
September 4, 2015

Total Project Cost 1
US$ 6.75 million
Implementing Agency
Marshall Islands Marine Resources Authority
Region
East Asia and Pacific
Fiscal Year 3
2015

Commitment Amount
US$ 6.75 million
Environmental Category
B
Last Update Date
July 16, 2024
Closing Date
September 30, 2021

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Associated Projects
P152934

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Environmental Health and Pollution Management33%
- FY17 - Air quality management11%
- FY17 - Soil Pollution11%
- FY17 - Water Pollution11%
FY17 - Environmental policies and institutions18%
FY17 - Renewable Natural Resources Asset Management7%
- FY17 - Biodiversity7%

FY17 - Private Sector Development

FY17 - Jobs100%
FY17 - Regional Integration18%

FY17 - Urban and Rural Development

FY17 - Rural Development23%
- FY17 - Rural Infrastructure and service delivery23%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	6.75

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	6.75
IBRD + IDA Commitment	6.75

Lending Instrument
Grant Amount	N/A
Total Project Cost**	6.75

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 22, 2014	IDA-D0170	Loan Commitment	6,750,000.00
Jun 2, 2017	IDA-D0170	Loan Disb	254,804.42
Jan 30, 2022	IDA-D0170	Loan Cancel	300,809.78
Sep 8, 2021	IDA-D0170	Loan Disb	173,161.20
Aug 31, 2021	IDA-D0170	Loan Disb	319,076.40
Sep 27, 2021	IDA-D0170	Loan Disb	105,326.69
Dec 16, 2020	IDA-D0170	Loan Disb	6,272.40
Jan 11, 2021	IDA-D0170	Loan Disb	78,347.79
Mar 11, 2021	IDA-D0170	Loan Disb	98,029.27
May 11, 2021	IDA-D0170	Loan Disb	162,910.06
Jun 18, 2021	IDA-D0170	Loan Disb	436,826.84
Jul 19, 2021	IDA-D0170	Loan Disb	212,672.98
May 27, 2021	IDA-D0170	Loan Disb	166,862.56
Jul 24, 2020	IDA-D0170	Loan Disb	151,042.48
Jan 15, 2020	IDA-D0170	Loan Disb	114,035.77
Apr 27, 2020	IDA-D0170	Loan Disb	413,997.34
Jun 5, 2020	IDA-D0170	Loan Disb	438,605.84
Apr 20, 2020	IDA-D0170	Loan Disb	72,862.43
Aug 13, 2020	IDA-D0170	Loan Disb	340,862.84
Dec 2, 2019	IDA-D0170	Loan Disb	263,740.53
Sep 30, 2019	IDA-D0170	Loan Disb	149,852.61
Oct 25, 2019	IDA-D0170	Loan Disb	132,757.75
Oct 9, 2019	IDA-D0170	Loan Disb	132,668.64
Mar 11, 2020	IDA-D0170	Loan Disb	75,711.53
Jun 28, 2019	IDA-D0170	Loan Disb	26,203.98
Apr 10, 2019	IDA-D0170	Loan Disb	216,747.08
Apr 10, 2019	IDA-D0170	Loan Disb	39,692.95
Jun 28, 2019	IDA-D0170	Loan Disb	183,130.27
Aug 6, 2019	IDA-D0170	Loan Disb	43,946.22
Sep 17, 2018	IDA-D0170	Loan Disb	170,253.27
Sep 28, 2018	IDA-D0170	Loan Disb	28,383.22
Dec 14, 2018	IDA-D0170	Loan Disb	20,034.46
Feb 28, 2018	IDA-D0170	Loan Disb	130,648.39
Jun 15, 2018	IDA-D0170	Loan Disb	62,467.73
Sep 21, 2017	IDA-D0170	Loan Disb	156,280.05
Sep 7, 2017	IDA-D0170	Loan Disb	8,909.07
Aug 8, 2017	IDA-D0170	Loan Disb	109,767.38
Dec 22, 2015	IDA-D0170	Loan Disb	700,000.00
Jan 26, 2022	IDA-D0170	Loan Disb	-63,191.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Monitoring and Evaluation	Satisfactory	2021-05-31
Progress towards achievement of PDO	Satisfactory	2021-05-31
Procurement	Satisfactory	2021-05-31
Financial Management	Moderately Satisfactory	2021-05-31
Project Management	Satisfactory	2021-05-31
Overall Implementation Progress (IP)	Satisfactory	2021-05-31

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-23-2022
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-20-2023	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Actual fishing days in the RMI territory as a percentage of agreed annual VDS allocation Value 100.00 100.00 100.00
Date February 15, 2015 September 30, 2021
Comment
Coastal communities in RMI that are managing targeted fisheries areas Value 0.00 21.00 2.00
Date February 15, 2015 September 30, 2021
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Purse seine fishing days sold annually as a percent of annual allocation Value 100.00 100.00 100.00
Date February 15, 2015 September 30, 2021
Comment
Coastal fish resources assessed as the basis for improved management Value 0.00 24.00 0.00
Date February 15, 2015 September 30, 2021
Comment
Grievances registered related to delivery of project benefits that are addressed Value 0.00 75.00 0.00
Date February 15, 2015 September 30, 2021
Comment
Key fishing data produced and made publically available Value No Yes
Date February 15, 2015 September 30, 2021
Comment
Targeted coastal fisheries areas management plans developed in RMI Value 0.00 20.00 0.00
Date February 15, 2015 September 30, 2021
Comment
Purse seine tuna catch in RMI encompassed within the VDS of total allocation Value 90.00 100.00 100.00
Date February 15, 2015 September 30, 2021
Comment
Electronic monitoring system for the tropical long-line fisheries piloted in RMI Value No Yes Yes
Date February 15, 2015 September 30, 2021
Comment

Actual fishing days in the RMI territory as a percentage of agreed annual VDS allocation	Value	100.00	100.00	100.00
	Date	February 15, 2015	September 30, 2021
	Comment

Coastal communities in RMI that are managing targeted fisheries areas	Value	0.00	21.00	2.00
	Date	February 15, 2015	September 30, 2021
	Comment

Purse seine tuna catch in RMI encompassed within the VDS of total allocation	Value	90.00	100.00	100.00
	Date	February 15, 2015	September 30, 2021
	Comment