Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3)

Abstract*

The development objective of the Third South West Indian Ocean Fisheries Governance and Shared Growth Project for Seychelles is to improve management of marine areas and fisheries in targeted zones and strengthen fisheries value chains in the Seychelles. The project comprises of four components. The first component, expansion of sustainable‐use marine protected areas will support the Government of the Seychelles (GOS) in implementing its pledge to... Show More

Development Objective

The Project Development Objective is to improve management of marine areas and fisheries in targeted zones and strengthen fisheries value chains in the Seychelles.

Key Details

Project Details

Project ID
P155642
Status
Closed
Team Leader
Charlotte De Fontaubert
Borrower 2
Republic of Seychelles

Country
Eastern and Southern Africa
Disclosure Date
November 3, 2016
Approval Date
(as of board presentation)
September 29, 2017
Effective Date
April 16, 2018

Total Project Cost 1
US$ 25.29 million
Implementing Agency
Ministry of Finance, National Planning and Trade
Region
Eastern and Southern Africa
Fiscal Year 3
2018

Commitment Amount
US$ 4.57 million
Environmental Category
B
Last Update Date
May 7, 2024
Closing Date
June 28, 2024

Consultant Services required
TBD
Last Stage Reached
BANK APPROVED

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 - Climate change85%
- FY17 - Adaptation85%
FY17 - Renewable Natural Resources Asset Management100%
- FY17 - Fisheries Policies and institutions60%
- FY17 - Oceans60%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IBRD Guarantee	5.00
International Bank for Reconstruction and Development	4.57

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	4.57
IDA Commitment	N/A
IBRD + IDA Commitment	4.57

Lending Instrument
Grant Amount	N/A
Total Project Cost**	25.29

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 16, 2018	IBRD-87790	Fee Charges	12,500.00
Jul 23, 2018	IBRD-87790	Loan Disb	298,852.97
Apr 16, 2018	IBRD-87790	Loan Disb	645,715.60
Aug 15, 2018	IBRD-87790	Int Charges	7,763.58
Aug 15, 2018	IBRD-87790	Int Charges	7,654.70
Feb 15, 2019	IBRD-87790	Int Charges	47.09
Feb 19, 2019	IBRD-87790	Int Charges	613.53
Feb 19, 2019	IBRD-87790	Int Charges	5,095.20
Feb 19, 2019	IBRD-87790	Int Charges	19,126.50
Apr 30, 2019	IBRD-87790	Loan Disb	280,829.70
Aug 13, 2019	IBRD-87790	Loan Disb	248,113.98
Aug 15, 2019	IBRD-87790	Int Charges	4,802.92
Aug 15, 2019	IBRD-87790	Int Charges	23,377.00
Jun 5, 2024	IBRD-87790	Loan Cancel	430,000.00
Jun 6, 2024	IBRD-87790	Loan Disb	81,683.30
Sep 29, 2017	IBRD-87790	Loan Commitment	5,000,000.00
Aug 15, 2023	IBRD-87790	Int Charges	26.80
Aug 15, 2023	IBRD-87790	Int Charges	504.75
Aug 15, 2023	IBRD-87790	Int Charges	2,192.99
Aug 15, 2023	IBRD-87790	Int Charges	104,984.61
Aug 4, 2023	IBRD-87790	Loan Disb	120,146.98
Aug 28, 2023	IBRD-87790	Loan Disb	144,526.31
May 31, 2023	IBRD-87790	Loan Disb	35,687.47
Sep 22, 2023	IBRD-87790	Loan Disb	92,603.69
Jun 16, 2023	IBRD-87790	Loan Disb	108,141.98
Oct 20, 2023	IBRD-87790	Loan Disb	142,847.88
Nov 14, 2023	IBRD-87790	Loan Disb	102,125.57
Dec 4, 2023	IBRD-87790	Loan Disb	107,470.88
Jan 16, 2024	IBRD-87790	Loan Disb	125,832.33
Aug 15, 2024	IBRD-87790	Int Charges	25.78
Aug 15, 2024	IBRD-87790	Int Charges	1,423.56
Aug 15, 2024	IBRD-87790	Int Charges	506.37
Aug 15, 2024	IBRD-87790	Int Charges	160,509.89
Jun 26, 2024	IBRD-87790	Loan Disb	11,406.92
Apr 24, 2024	IBRD-87790	Loan Disb	140,786.06
Feb 15, 2024	IBRD-87790	Int Charges	53.50
Feb 15, 2024	IBRD-87790	Int Charges	1,367.50
Feb 15, 2024	IBRD-87790	Int Charges	1,386.55
Feb 15, 2024	IBRD-87790	Int Charges	142,343.31
Mar 11, 2024	IBRD-87790	Loan Disb	118,822.44
May 26, 2022	IBRD-87790	Loan Disb	126,791.39
Feb 15, 2022	IBRD-87790	Int Charges	86.45
Feb 15, 2022	IBRD-87790	Int Charges	477.98
Feb 15, 2022	IBRD-87790	Int Charges	3,623.44
Feb 15, 2022	IBRD-87790	Int Charges	16,734.88
Apr 13, 2022	IBRD-87790	Loan Disb	102,095.23
Aug 15, 2022	IBRD-87790	Int Charges	32.79
Aug 15, 2022	IBRD-87790	Int Charges	27,308.59
Aug 15, 2022	IBRD-87790	Int Charges	174.65
Aug 15, 2022	IBRD-87790	Int Charges	3,187.37
Aug 10, 2022	IBRD-87790	Loan Disb	151,180.60
Jan 12, 2022	IBRD-87790	Loan Disb	140,790.90
Dec 29, 2022	IBRD-87790	Loan Disb	81,525.52
Dec 2, 2022	IBRD-87790	Loan Disb	139,132.66
Nov 7, 2022	IBRD-87790	Loan Disb	129,864.76
Feb 15, 2023	IBRD-87790	Int Charges	41.85
Feb 15, 2023	IBRD-87790	Int Charges	2,738.92
Feb 15, 2023	IBRD-87790	Int Charges	70,117.99
Feb 15, 2023	IBRD-87790	Int Charges	5.18
Apr 20, 2023	IBRD-87790	Loan Disb	72,454.52
Mar 21, 2023	IBRD-87790	Loan Disb	119,934.90
Feb 15, 2020	IBRD-87790	Int Charges	3.40
Apr 8, 2020	IBRD-87790	Loan Disb	162,701.80
Feb 15, 2020	IBRD-87790	Int Charges	53.66
Feb 15, 2020	IBRD-87790	Int Charges	4,425.62
Feb 15, 2020	IBRD-87790	Int Charges	26,051.46
Aug 15, 2020	IBRD-87790	Int Charges	4,225.12
Aug 15, 2020	IBRD-87790	Int Charges	25,177.41
Feb 15, 2021	IBRD-87790	Int Charges	4,214.82
Feb 15, 2021	IBRD-87790	Int Charges	14,662.56
Jul 9, 2021	IBRD-87790	Loan Disb	124,939.51
Jun 28, 2021	IBRD-87790	Loan Disb	146,531.40
Aug 15, 2021	IBRD-87790	Int Charges	4,068.22
Aug 15, 2021	IBRD-87790	Int Charges	13,345.89
Oct 26, 2021	IBRD-87790	Loan Disb	149,404.55
Aug 4, 2021	IBRD-87790	Loan Disb	87,730.16
Apr 16, 2018	IBRD-87790	Loan Disb	12,500.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Monitoring and Evaluation	Satisfactory	2024-02-19
Overall Implementation Progress (IP)	Satisfactory	2024-02-19
Procurement	Satisfactory	2024-02-19
Project Management	Satisfactory	2024-02-19
Financial Management	Satisfactory	2024-02-19
Progress towards achievement of PDO	Moderately Satisfactory	2024-02-19

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

1. Sustainable-use marine protected areas with a Management Effectiveness Tracking Tool (METT) score of 50 or higher Value 0.00 0.00 5000000.00
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment
2. Share of key demersal indicator species stable or rebuilding in the Mahé Plateau fisheries Value 11.00 100.00 55.00
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment
3. Ratio between consumer price per kilogram and landed catch price per kilogram in artisanal fisheries Value 110.00 110.00 130.00
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment
4. Share of by-catch landed and sold in the Seychelles Value 10.00 10.00 50.00
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment

5. Share of citizens of the Seychelles who rate management of sustainable-use marine areas and selected fisheries as ‘Satisfactory’or above (disaggregated by sex and age)	Value	0.00	71.00	50.00
	Date	June 30, 2017	February 1, 2024	June 28, 2024
	Comment

Share of female citizens of the Seychelles who rate management of sustainable-use marine areas and selected fisheries as ‘Satisfactory’ or above (disaggregated by age)	Value	0.00	69.00	50.00
	Date	June 30, 2017	February 6, 2024	June 28, 2024
	Comment

Share of male citizens of the Seychelles who rate management of sustainable-use marine areas and selected fisheries as ‘Satisfactory’ or above (disaggregated by age)	Value	0.00	73.00	50.00
	Date	June 30, 2017	February 6, 2024	June 28, 2024
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

1.1 Area with submission for gazettment to the Parliament as a sustainable-use marine protected area with agreed-upon management plans developed in a consultative manner	Value	0.00	41000000.00	10000000.00
	Date	June 30, 2017	February 1, 2024	June 28, 2024
	Comment

2.1 Fisheries management plans implemented Value 2.00 3.00 5.00
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment
3.1 Share of landed catch from domestic fisheries sold via auction Value 0.00 0.00 10.00
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment
2.2 Performance review of fisheries management plans Value No Yes Yes
Date June 30, 2017 February 2, 2024 June 28, 2024
Comment
3.2 Food fish sold commercially from in-shore aquaculture Value No No Yes
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment
1.2 Annual air surveillance trips in sustainable-use marine protected areas Value 0.00 7.00 7.00
Date June 30, 2017 February 6, 2024 June 28, 2024
Comment
2.3 Fisheries economic intelligence information publicly accessible Value No Yes Yes
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment
3.3 Proportion of landed catch from artisanal fisheries in labelling scheme Value 10.00 0.00 30.00
Date June 30, 2017 May 20, 2022 June 28, 2024
Comment
1.3 Sustainable-use marine protected areas managed by non-state actors Value 0.00 1.00 3.00
Date June 30, 2017 February 6, 2024 June 28, 2024
Comment
3.4 Blue Investment Fund approval rate Value 0.00 25.00 60.00
Date June 30, 2017 February 2, 2024 June 28, 2024
Comment

2. Share of key demersal indicator species stable or rebuilding in the Mahé Plateau fisheries	Value	11.00	100.00	55.00
	Date	June 30, 2017	May 20, 2022	June 28, 2024
	Comment

3. Ratio between consumer price per kilogram and landed catch price per kilogram in artisanal fisheries	Value	110.00	110.00	130.00
	Date	June 30, 2017	May 20, 2022	June 28, 2024
	Comment

4. Share of by-catch landed and sold in the Seychelles	Value	10.00	10.00	50.00
	Date	June 30, 2017	May 20, 2022	June 28, 2024
	Comment

2.1 Fisheries management plans implemented	Value	2.00	3.00	5.00
	Date	June 30, 2017	May 20, 2022	June 28, 2024
	Comment

3.4 Blue Investment Fund approval rate	Value	0.00	25.00	60.00
	Date	June 30, 2017	February 2, 2024	June 28, 2024
	Comment

Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3)

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS