Pacific Islands Regional Oceanscape Program - Federated States of Micronesia

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 project development objective 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
P151754
Status
Closed
Team Leader
Iretomiwa Olatunji
Borrower 2
Federated States of Micronesia

Country
Micronesia, Federated States of
Disclosure Date
November 20, 2014
Approval Date
(as of board presentation)
December 22, 2014
Effective Date
May 8, 2015

Total Project Cost 1
US$ 5.50 million
Implementing Agency
National Oceanic Resource Management Authority,Department of Resources and Development
Region
East Asia and Pacific
Fiscal Year 3
2015

Commitment Amount
US$ 5.50 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
September 30, 2021

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
July 16, 2024

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 institutions32%
FY17 - Renewable Natural Resources Asset Management2%
- FY17 - Biodiversity2%

FY17 - Private Sector Development

FY17 - Jobs100%
FY17 - Regional Integration31%

FY17 - Urban and Rural Development

FY17 - Rural Development2%
- FY17 - Rural Infrastructure and service delivery2%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	5.50

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	5.50
IBRD + IDA Commitment	5.50

Lending Instrument
Grant Amount	N/A
Total Project Cost**	5.50

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 22, 2014	IDA-D0140	Loan Commitment	5,500,000.00
Feb 28, 2017	IDA-D0140	Loan Disb	47,453.60
Sep 28, 2021	IDA-D0140	Loan Disb	194,738.33
Sep 28, 2021	IDA-D0140	Loan Disb	161,628.20
Sep 27, 2021	IDA-D0140	Loan Disb	94,657.90
Feb 15, 2022	IDA-D0140	Loan Cancel	939,356.94
Jun 11, 2021	IDA-D0140	Loan Disb	78,600.28
Jun 14, 2021	IDA-D0140	Loan Disb	67,893.30
Feb 25, 2021	IDA-D0140	Loan Disb	134,133.94
Jul 6, 2020	IDA-D0140	Loan Disb	397,414.10
Aug 25, 2020	IDA-D0140	Loan Disb	57,890.10
Jun 19, 2020	IDA-D0140	Loan Disb	160,800.61
May 29, 2020	IDA-D0140	Loan Disb	85,595.40
Jul 30, 2020	IDA-D0140	Loan Disb	96,500.61
Dec 3, 2019	IDA-D0140	Loan Disb	399,985.00
Dec 3, 2019	IDA-D0140	Loan Disb	114,379.43
Jun 21, 2019	IDA-D0140	Loan Disb	118,212.93
Mar 13, 2019	IDA-D0140	Loan Disb	218,399.98
Jan 29, 2019	IDA-D0140	Loan Disb	434,222.50
Feb 8, 2019	IDA-D0140	Loan Disb	434,222.53
Feb 5, 2019	IDA-D0140	Loan Disb	369,128.56
Jul 5, 2017	IDA-D0140	Loan Disb	47,453.60
Mar 20, 2018	IDA-D0140	Loan Disb	217,702.19
Jul 8, 2015	IDA-D0140	Loan Disb	500,000.00
May 24, 2016	IDA-D0140	Loan Disb	19,164.74
Feb 28, 2017	IDA-D0140	Loan Disb	-47,453.60
Sep 12, 2017	IDA-D0140	Loan Disb	159,289.62
Feb 15, 2022	IDA-D0140	Loan Disb	-184,823.77

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2021-05-30
Progress towards achievement of PDO	Moderately Satisfactory	2021-05-30
Project Management	Moderately Satisfactory	2021-05-30
Financial Management	Moderately Satisfactory	2021-05-30
Monitoring and Evaluation	Moderately Satisfactory	2021-05-30
Overall Implementation Progress (IP)	Moderately Satisfactory	2021-05-30

COMPLETION RATINGS

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

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-30-2023	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	High	N/a
M&e Quality	Negligible	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of days fished in a country’s waters does not exceed its agreed annual allocation of fishing vessel days (PAE), while the total regional allocation (TAE) remains within sustainable levels*	Value	92.00	100.00	100.00
	Date	February 15, 2015	September 30, 2021
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

100% of purse seine fishing vessel days used are recorded annually according to agreed criteria* Value 100.00 100.00 100.00
Date February 15, 2015 September 30, 2021
Comment

100% of purse seine fishing days sold are disclosed annually to the PNAO FIMS and other parties as part of a comprehensive verification system for the VDS*	Value	0.00	100.00	0.00
	Date	February 15, 2015	September 30, 2021
	Comment

Grievances registered related to delivery of project benefits that are addressed Value 0.00 0.00 0.00
Date August 25, 2020 September 30, 2021
Comment
Percentage (%) of tuna catch within a country’s waters that is encompassed within the VDS or a compatible system* Value 89.00 100.00 0.00
Date February 15, 2015 September 30, 2021
Comment
At least one measure applied and maintained to increase flexibility and the value of a purse seine vessel day above the baseline Value No Yes
Date February 15, 2015 September 30, 2021
Comment

A similar system to the VDS is introduced for managing access to the two long-line fisheries (tropical long-line fishery and southern albacore long-line fishery)	Value	No	Yes	Yes
	Date	February 15, 2015	September 30, 2021
	Comment

Percentage (%) of tuna catch within a country’s waters that is encompassed within the VDS or a compatible system*	Value	89.00	100.00	0.00
	Date	February 15, 2015	September 30, 2021
	Comment