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Costa Rica Sustainable Fisheries Development Project

Abstract*

The development objective of Sustainable Fisheries Development Project is to improve management of priority fisheries and enhance economic opportunities from those fisheries for Costa Rica. This project has four components. 1) The first component, Strengthening the governance and management of fisheries resources, aims to primarily support the strengthening of institutional capacities and regulatory frameworks, and other actions by the public sector...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Project Development Objective (PDO) is to improve management of priority fisheries and enhance economic opportunities from those fisheries for Costa Rica.

Key Details

Project Details

  • P168475

  • Closed

  • Aurelie Rossignol

  • Republic of Costa Rica

  • Costa Rica

  • October 31, 2018

  • (as of board presentation)

    March 24, 2020

  • September 19, 2021

  • US$ 82.10 million

  • Instituto Costarricense de Pesca y Acuicultura (INCOPESCA)

  • Latin America and Caribbean

  • 2020

  • US$ 75.10 million

  • B

  • June 10, 2024

  • October 31, 2024

  • No

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Borrower/Recipient 7.00
International Bank for Reconstruction and Development 75.10

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 75.10
IDA Commitment N/A
IBRD + IDA Commitment 75.10
Lending Instrument
Grant Amount N/A
Total Project Cost** 82.10

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jul 15, 2024 IBRD-90500 Int Charges 31,995.59
Mar 24, 2020 IBRD-90500 Loan Commitment 75,100,496.00
Jul 15, 2023 IBRD-90500 Int Charges 86,672.65
Jul 15, 2023 IBRD-90500 Int Charges 183,362.52
Jan 15, 2024 IBRD-90500 Int Charges 88,090.91
Jan 15, 2024 IBRD-90500 Int Charges 203,014.89
Mar 22, 2024 IBRD-90500 Loan Cancel 69,912,752.00
Jul 15, 2024 IBRD-90500 Int Charges 1,110.44
Jul 15, 2024 IBRD-90500 Int Charges 201,323.73
Sep 19, 2021 IBRD-90500 Fee Charges 187,751.25
Jul 15, 2022 IBRD-90500 Int Charges 92,871.28
Jul 15, 2022 IBRD-90500 Int Charges 2,171.14
Sep 29, 2022 IBRD-90500 Loan Disb 5,000,000.00
Jan 15, 2022 IBRD-90500 Int Charges 148,506.10
Jan 15, 2022 IBRD-90500 Int Charges 1,261.58
Jan 15, 2022 IBRD-90500 Int Charges 243,021.19
Jan 15, 2022 IBRD-90500 Int Charges 1,261.58
Jan 15, 2022 IBRD-90500 Int Charges -148,506.10
Jan 15, 2022 IBRD-90500 Int Charges -1,261.58
Jan 15, 2023 IBRD-90500 Int Charges 90,711.96
Jan 15, 2023 IBRD-90500 Int Charges 79,159.71
Sep 19, 2021 IBRD-90500 Loan Disb 187,751.25

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Unsatisfactory 2024-06-28
Project Management Moderately Unsatisfactory 2024-06-28
Financial Management Moderately Satisfactory 2024-06-28
Monitoring and Evaluation Moderately Unsatisfactory 2024-06-28
Procurement Moderately Unsatisfactory 2024-06-28
Counterpart Funding Satisfactory 2024-06-28
Overall Implementation Progress (IP) Unsatisfactory 2024-06-28

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Public revenue from licensing and allocation of vessel capacity in the tuna fisheryValue1319000.001763130.003500000.00
    DateDecember 31, 2017November 25, 2022June 15, 2026
    Comment
  • Farmers reached with agricultural assets or servicesValue0.000.005000.00
    DateNovember 11, 2019October 6, 2023June 15, 2026
    Comment
  • Fisheries management plans implementedValue0.000.006.00
    DateNovember 11, 2019October 6, 2023June 15, 2026
    Comment
  • Priority fisheries show signs of recoveryValue0.000.005.00
    DateNovember 11, 2019October 6, 2023June 15, 2026
    Comment
  • Farmers reached with agricultural assets or services - FemaleValue0.000.000.00
    Date
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Stage of INCOPESCA reform process and strengtheningValue0.001.004.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • Landing sites and processing facilities supported by the projectValue0.000.006.00
    DateNovember 11, 2019May 31, 2023June 27, 2025
    Comment
  • Fishing areas under participatory management plansValue125300.000.00250000.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • National Fisheries Information System established at INCOPESCA and publicly accessibleValue0.000.004.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • Fishing organizations trained in business and seafood handling skillsValue0.000.0010.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • Payment for Marine Ecosystem Services schemes pilotedValue0.000.003.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • Value chain Action Plans and Traceability System developed for priority speciesValue0.000.004.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • Women-led alternative livelihood initiatives supported by the projectValue0.000.005.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • Share of target beneficiaries with rating ‘Satisfied’ or above on project interventions and participationValue0.000.0060.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • Share of registered fleet monitored through national Vessel Monitoring SystemValue5.009.3085.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment
  • Grievances registered related to the project addressed (%)Value0.00100.0095.00
    DateNovember 11, 2019May 31, 2023June 15, 2026
    Comment