| Financier | Commitments |
|---|---|
| Local Communities | 6.40 |
| International Bank for Reconstruction and Development | 176.02 |
| Local Beneficiaries | 14.90 |
| Borrower/Recipient | 12.10 |
Philippine Fisheries and Coastal Resiliency Project
Abstract*
The project area would include the coastal and municipal water of FMAs 6 and FMA 9, of the twelve FMAs established through Fishery Administrative Order (FAO) 263 (January 2019). These two FMAs were selected through a two-stage, multi-stakeholder selection processwith the following criteria: (i) level of vulnerability to natural and manmade threats, (ii) status of fisheries resources, (iii) access to sustainable- and resilient-investment opportunities... Show More
Development Objective
To improve management of targeted fisheries resources and enhance the value of fisheries production to coastal communities in selected Fisheries Management Areas (FMAs).
Key Details
Project Details
P174137
Active
Jingjie Chu , Milen Dyoulgerov Vollen
The Republic of the Philippines
July 24, 2020
(as of board presentation)
May 30, 2023
August 23, 2023
US$ 237.96 million
Department of Agriculture - Bureau of Fisheries and Aquatic Resources
2023
US$ 176.02 million
N/A
Substantial
December 31, 2029
Yes
BANK APPROVED
March 11, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 176.02 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 176.02 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 237.96 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Nov 15, 2023 | IBRD-94800 | Int Charges | 100,066.16 |
| Nov 27, 2023 | IBRD-94800 | Loan Disb | 8,714,631.00 |
| May 6, 2024 | IBRD-94800 | Loan Disb | 20,962,592.00 |
| May 15, 2024 | IBRD-94800 | Int Charges | 287,543.30 |
| May 15, 2024 | IBRD-94800 | Int Charges | 207,563.66 |
| May 30, 2023 | IBRD-94800 | Loan Commitment | 176,020,000.00 |
| Oct 16, 2023 | IBRD-94800 | Fee Charges | 440,050.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Moderately Unsatisfactory | 2025-03-12 |
| Project Management | Moderately Satisfactory | 2025-03-12 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2025-03-12 |
| Progress towards achievement of PDO | Satisfactory | 2025-03-12 |
| Financial Management | Satisfactory | 2025-03-12 |
| Monitoring and Evaluation | Satisfactory | 2025-03-12 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Increase in household incomes (in real terms) derived from fishery-related sources in targeted areas Value 0.00 0.00 9.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Fisheries management plans formulated, implemented, and evaluated Value 0.00 0.00 2.00 Date May 31, 2023 February 29, 2024 December 28, 2029 Comment Reduction in post-harvest losses from the targeted species in the selected LGUs Value 0.00 0.00 5.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Share of major fish stocks covered in Fishery Management Plans moving toward target reference points Value 0.00 0.00 50.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Increase in value addition in targeted value chains Value 0.00 0.00 9.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
FMA Framework Plans (FPs) formulated and adopted by respective Management Boards (MBs) Value 0.00 1.00 2.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment New and upgraded critical capture fisheries and aquaculture infrastructure with climate-smart measures mainstreamed Value 0.00 0.00 50.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Operational manuals mainstreamed for EAFM, including FMA management planning & implementation and development of resilient Aquabusiness Corridors Value No No Yes Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Aquaculture Management & Development Plans (ADMPs) integrated into local planning and updated Value 0.00 0.00 2.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Enterprise / livelihood subprojects performing successfully in accordance with Business Plan Value 0.00 0.00 60.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Routine results reports generated from multi-level Management Information System (MIS) Value 0.00 0.00 12.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment IUU fishing index improvement among the targeted LGUs Value 0.00 0.00 10.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Share of women-led or owned organizations receiving financing through livelihood and enterprise grants Value 0.00 0.00 25.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Proportion of project beneficiaries expressing satisfaction with project interventions and engagement in planning processes Value 0.00 0.00 80.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Number of LGUs with coastal resource management (CRM) plan enacted and effectively implemented Value 0.00 0.00 40.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Aquabusiness corridors operational with essential infrastructure and services provided Value 0.00 0.00 6.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Aggregate fisheries and aquaculture performance indices across target FMAs Value 0.00 0.00 10.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Beneficiaries of job-focused interventions Value 0.00 0.00 16000.00 Date December 30, 2022 February 29, 2024 December 31, 2029 Comment Beneficiaries of job-focused interventions - Female Value 0.00 0.00 0.00 Date Comment