| Financier | Commitments |
|---|---|
| IDA recommitted as a Grant | 16.50 |
| IDA Grant | 1.50 |
Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Growth Project)
Abstract*
The development objective of Sustainable Fisheries Resources Development Project for Maldives aims to improve management of fisheries at regional and national levels including support to establish mariculture in targeted atolls in the Maldives. This project has three components. 1) The first component, Augmentation of Institutional Capacity for Marine Fisheries Management, seeks to enhance the government’s capacity to implement a more effective monitoring... Show More
Development Objective
To improve management of fisheries at regional and national levels including support to establish mariculture in targeted atolls inthe Maldives.
Key Details
Project Details
P157801
Closed
Tapas Paul
Ministry of Finance
February 15, 2017
(as of board presentation)
April 11, 2017
July 6, 2017
US$ 18.00 million
Ministry of Fisheries and Agriculture
2017
US$ 18.00 million
B
Not Applicable
December 31, 2022
Yes
BANK APPROVED
July 8, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 18.00 |
| IBRD + IDA Commitment | 18.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 18.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 20, 2019 | IDA-D1750 | Loan Disb | 3,500,000.00 |
| Feb 16, 2021 | IDA-D1750 | Loan Disb | 2,000,000.00 |
| Jul 15, 2020 | IDA-D1750 | Loan Disb | 1,000,000.00 |
| Aug 26, 2022 | IDA-D1750 | Loan Disb | 2,000,000.00 |
| Feb 17, 2023 | IDA-D1750 | Loan Disb | 1,500,000.00 |
| May 9, 2023 | IDA-D1750 | Loan Disb | -233,692.69 |
| May 9, 2023 | IDA-D1750 | Loan Disb | -0.36 |
| May 3, 2023 | IDA-D1750 | Loan Disb | 314,911.62 |
| May 9, 2023 | IDA-D1750 | Loan Cancel | 859,492.06 |
| Apr 11, 2017 | IDA-D1750 | Loan Commitment | 18,000,000.00 |
| Aug 2, 2017 | IDA-D1750 | Loan Disb | 3,972,488.00 |
| Mar 9, 2020 | IDA-D1750 | Loan Disb | 1,500,000.00 |
| Jul 15, 2021 | IDA-D1750 | Loan Disb | 2,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2022-09-08 |
| Monitoring and Evaluation | Satisfactory | 2022-09-08 |
| Overall Implementation Progress (IP) | Satisfactory | 2022-09-08 |
| Procurement | Moderately Satisfactory | 2022-09-08 |
| Project Management | Satisfactory | 2022-09-08 |
| Financial Management | Satisfactory | 2022-09-08 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2023 |
|---|---|
| Outcomes | Moderately Satisfactory |
| Risk to Development Outcome | |
| Bank Performance | Moderately Satisfactory |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 11-21-2023 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Moderately Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | N/a | |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | Substantial | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
SWIO countries comply with IOTC resolutions for management of Tuna Fishery Value 72.00 77.00 0.00 Date December 15, 2016 December 31, 2022 Comment Compliance by Maldives to the IOTC regulations Value 78.00 87.00 0.00 Date December 15, 2016 December 31, 2022 Comment Vessels complying with IOTC requirements on monitoring and reporting Value 0.00 100.00 0.00 Date November 30, 2016 December 31, 2022 Comment Mariculture established and operational Value No Yes Yes Date November 30, 2016 December 31, 2022 May 16, 2022 Comment Direct project beneficiaries Value 0.00 3865.00 3600.00 Date November 30, 2016 December 31, 2022 May 16, 2022 Comment Female beneficiaries Value 0.00 0.00 0.00 Date November 30, 2016 November 10, 2017 Comment Share of target beneficiaries with rating "Satisfied" or above on project interventions Value 0.00 100.00 0.00 Date November 30, 2016 December 31, 2022 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Provision of support to the Island Countries to improve therir negotiation capacity within IOTC Value No Yes Date November 30, 2016 December 31, 2022 Comment Financial management, accounting and procurement systems set up in the PMU Value No Yes Date April 1, 2017 December 31, 2022 Comment IOTC Compliance Support Mission completed in Maldives (cumulative) Value 0.00 5.00 0.00 Date February 1, 2017 December 31, 2022 Comment Financial reports and audit reports submitted without delay Value No Yes Date April 1, 2017 December 31, 2022 Comment Mariculture Research and Development Facility is completed and operational Value No Yes Yes Date March 1, 2017 December 31, 2022 May 16, 2022 Comment Key policy or legal instruments updated in Maldives Value 0.00 16.00 16.00 Date February 1, 2017 July 31, 2022 May 16, 2022 Comment Viability demonstrated for out-grower farms of groupers (or other species equivalent in value) Value 0.00 19.00 20.00 Date November 30, 2016 December 31, 2022 May 16, 2022 Comment Vessels inspected under MCS Value 0.00 680.00 670.00 Date November 30, 2016 December 31, 2022 May 16, 2022 Comment Operational capacity for production and supply of fingerlings in place Value No Yes Yes Date November 30, 2016 December 31, 2022 May 16, 2022 Comment On-Board Vessel Electronic Observation System established and operational Value No Yes Yes Date February 1, 2017 December 31, 2022 May 16, 2022 Comment Out-grower mariculture farms receiving extension services. Value 0.00 100.00 0.00 Date November 30, 2016 December 31, 2022 Comment