| Financier | Commitments |
|---|---|
| IDA Grant | 38.40 |
| IDA Credit | 26.40 |
Transforming Fisheries Sector Management in South-West Indian Ocean Region and Maldives Project (TransFORM, SWIOFish5)
Abstract*
The development objective of the Transforming Fisheries Sector Management in South-West Indian Ocean (SWIO) Region and Maldives Project for Maldives is to strengthen regional, evidence-based fisheries management in the SWIO region and to improve competitiveness in the fisheries sector in the Maldives. The project comprises of three components. The first component, enhance evidence-based management advice to the fisheries sector in the SWIO region... Show More
Development Objective
To strengthen regional, evidence-based fisheries management in the South-West Indian Ocean Region and to improve competitiveness in the fisheries sector in the Maldives
Key Details
Project Details
P179242
Active
Lan Nguyen , Charlotte De Fontaubert
Indian Ocean Commission (IOC),Republic of Maldives
August 1, 2022
(as of board presentation)
May 16, 2023
August 9, 2023
US$ 55.00 million
Indian Ocean Commission (IOC) Secretariat,Maldives Ministry of Fisheries, Marine Resources and Agriculture (MoFMRA)
2023
US$ 64.80 million
N/A
March 28, 2024
December 31, 2030
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 64.80 |
| IBRD + IDA Commitment | 64.80 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 55.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 15, 2023 | IDA-E1760 | Loan Disb | 2,000,000.00 |
| Sep 3, 2024 | IDA-E1770 | Loan Disb | 1,050,200.00 |
| May 16, 2023 | IDA-E1760 | Loan Commitment | 26,400,000.00 |
| May 16, 2023 | IDA-E1770 | Loan Commitment | 12,000,000.00 |
| Dec 7, 2023 | IDA-E1770 | Loan Disb | 1,000,000.00 |
| May 16, 2023 | IDA-73160 | Loan Commitment | 26,400,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2024-11-15 |
| Financial Management | Satisfactory | 2024-11-15 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-11-15 |
| Procurement | Moderately Satisfactory | 2024-11-15 |
| Progress towards achievement of PDO | Satisfactory | 2024-11-15 |
| Monitoring and Evaluation | Moderately Satisfactory | 2024-11-15 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Fisheries in the SWIO region under regionally coordinated and "Ecosystem Approach to Fisheries" - compatible management Value 0.00 0.00 4.00 Date January 31, 2023 February 29, 2024 June 30, 2030 Comment Fisheries-related enterprises with improved competitiveness in Maldives (disaggregated by size, ownership by gender, value chain characteristics) Value 0.00 0.00 30.00 Date November 7, 2022 February 29, 2024 December 31, 2029 Comment Selected overexploited coastal fish stocks in the SWIO region show sign of recovery Value 0.00 0.00 4.00 Date January 31, 2023 February 29, 2024 June 30, 2030 Comment People with improved job-opportunities in the SWIO region Value 0.00 0.00 46150.00 Date November 7, 2022 February 29, 2024 December 31, 2029 Comment Women with improved job-opportunities in the SWIO region Value 0.00 0.00 22450.00 Date January 31, 2023 February 29, 2024 June 30, 2030 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Fisheries management plans implemented Value 0.00 0.00 4.00 Date November 7, 2022 February 29, 2024 June 30, 2030 Comment Net greenhouse gas (GHG) emissions Value 80208.00 82206.00 76020.00 Date January 31, 2023 February 29, 2024 June 30, 2030 Comment New national policies or legislations, regulations or guidelines, plans, and standards or good practices drafted and submitted to Parliament for approval Value 0.00 0.00 6.00 Date January 31, 2023 February 29, 2024 June 30, 2030 Comment Regional fisheries dashboard to analyze and share data operational Value No No Yes Date November 7, 2022 February 29, 2024 June 30, 2030 Comment Private Capital Mobilized Value 0.00 0.00 56760000.00 Date January 31, 2023 February 29, 2024 June 30, 2030 Comment Index on regional research and innovation program design and its progress Value 0.00 0.00 7.00 Date November 7, 2022 February 29, 2024 June 30, 2030 Comment Beneficiaries with rating ‘Satisfied’ or above on project interventions Value 0.00 0.00 80.00 Date January 31, 2023 February 29, 2024 June 30, 2030 Comment Quarantine facilities and Biosafety Laboratories operational Value 1.00 0.00 6.00 Date November 7, 2022 February 29, 2024 June 30, 2030 Comment Beneficiaries of job-focused interventions Value 0.00 0.00 40000.00 Date March 31, 2023 February 29, 2024 June 30, 2030 Comment Share of SMEs receiving top-up matching grants for implementation of their gender responsive business plans Value 0.00 0.00 100.00 Date April 24, 2023 February 29, 2024 June 30, 2030 Comment Beneficiaries of job-focused interventions Value 0.00 0.00 1150.00 Date January 31, 2023 February 29, 2024 June 30, 2030 Comment Beneficiaries of Job-focussed Interventions Value 0.00 0.00 5000.00 Date April 25, 2023 February 29, 2024 June 30, 2030 Comment Beneficiaries of job-focused interventions - Female Value 0.00 0.00 1000.00 Date Comment Beneficiaries of job-focused interventions - Female Value 0.00 0.00 50.00 Date Comment Beneficiaries with rating ‘Satisfied’ on project interventions Value 0.00 0.00 80.00 Date November 7, 2022 February 29, 2024 June 30, 2030 Comment Jobs created for women in the fisheries sector through project interventions Value 0.00 0.00 1500.00 Date March 1, 2023 February 29, 2024 December 31, 2030 Comment