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Aims to fight poverty and help people help
themselves and their environment by providing
resources, sharing knowledge, building capacity
and forging partnerships in the public and private
sectors
Provides low-interest loans, interest-free credits
and grants to developing countries for investments
in education, health, public administration,
infrastructure, financial and private sector
development, agriculture and environmental and
natural resource management
Founded in 1944, now owned by 187 member
countries
10,000 staff in offices in over 100 countries
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The two main development bodies:
 International Bank for Reconstruction and
Development (IBRD) - aims to reduce poverty in
middle-income and creditworthy poorer countries
 International Development Association (IDA) - focuses
on poorest countries, also supports small island
economies which are above the operational cut-off
(US$ 1,165 GNI/ capita in FY 2011) but lack the
creditworthiness needed to borrow from IBRD.
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Also includes:
 International Finance Corporation (IFC) – supports
private sector development
 Several other specialised agencies
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The World Bank Group office in Sydney, Australia
services Bank member countries in the Pacific
Islands and Timor-Leste. Represents IBRD, IDA, IFC
and other WBG agencies
PI Bank member countries are FSM, Fiji, Kiribati,
Marshall Islands, Samoa, Solomon Islands, Palau,
PNG, Tonga, Tuvalu and Vanuatu, as well as TimorLeste
WBG has not historically supported the PI fisheries
sector very much, but is now developing a fisheries
engagement strategy in recognition of the
economic importance of fisheries to the region
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Will provide 3-5 year strategic guidance to the way
the WBG supports sustainable development and
management of fisheries in its PI member
countries
Will provide for both oceanic and coastal fisheries
activities
Aims to use the Bank’s strengths in areas of policy
development, economic analysis and leverage,
synergies through partnerships and cooperation,
knowledge products and inter-regional
information sharing
Must complement and enhance current national/
regional strategies and ongoing/ planned fisheries
activities without duplication
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Series of national sub-projects in interested
countries, each with clearly defined goals, work
programmes and financing arrangements
Not all components need be replicated in each
country or implemented at the same rate – national
programmes tailored to needs and capacity
Brought together by an umbrella or coordination
arrangement responsible for promoting regional
cooperation and information exchange
Regional activities best carried out through
existing regional fishery institution(s) rather than
creating something new
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Proposed activities in regard to Oceanic Fisheries:
◦ National-level activities tailored to individual country
needs, especially monitoring and MCS
◦ Organisational/ institutional development of the Parties
to the Nauru Agreement (PNA) Office
◦ Operationalisation of the PNA Vessel-Day Scheme (VDS)
for tuna purse-seine fishery management;
◦ Exploration of VDS (or other rights-based scheme)
applicability to tuna longline fisheries;
◦ Technical studies – crew placement, labour mobility,
investment opportunities/ barriers, IUU, energy issues
in industrial fisheries (some already done or started)
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Guiding principles are:
◦ Supporting national efforts for sustainable development,
management and monitoring of coastal fisheries
◦ Strengthening management at various levels – policy,
legislation, MCS, private sector and communities
◦ Development and use of economic incentives/
disincentives that improve fishery management
◦ Promoting regional cooperation where this leads to
economic gain or improved efficiency (e.g. harmonised
management approaches, information-sharing, TCDC,
collective bargaining, coordination of external relations)
◦ Consideration of non-fishery impacts (coastal
development, climate change) and ecosystem issues
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Proposed ‘core’ activity under FES is rebuilding and
restoration of sea cucumber (BDM) fisheries:
◦ BDM fisheries drastically over-exploited and present significant
management challenges in all PI countries
◦ Great economic potential at community and national levels, which
justifies the funding
◦ Opportunity/need for participation/intervention at several levels –
government (policy, MCS), technical/ R&D (e.g restocking), private
sector, communities, civil society (NGO/CBO)
◦ Potential economic benefits from regional cooperation/
harmonisation of management approaches (a BDM ‘cartel’) and
information/ knowledge sharing
◦ BDM fishery restoration presents opportunity to demonstrate
fishery management benefits more broadly
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FES will not be restricted exclusively to BDM fishery
restoration – this is a core component but national
sub-projects may identify additional needs/
priorities
Need initial assessment of costs and economic
benefits of proposed activities to justify funding
(benefits of BDM fishery restoration anticipated to
be very significant in most cases)
Requires partnership with agencies having relevant
specialist knowledge and skills (e.g. in community
outreach, BDM hatchery/ restocking, etc)
Support to community-level activities should not
be restricted exclusively to BDM fisheries, but
encompass broader CBM/ EACFM interests
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WBG manages Trust Funds from various developed
member countries, including Australia and New
Zealand, which can be used to support smaller
projects, studies and technical assistance
Larger projects can be supported through IDA
grants and credits (which are interest-free* loans
with repayments over 35 to 40 years, including a
10-year grace period)
All PI Bank member countries except Fiji and Palau
are eligible for IDA grants and/ or credits
Fiji, Palau and PNG are also eligible for IBRD loans
*Service fee of 0.75% p.a.
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Country
Grants
Credits
Total
FSM
6
6
12
Fiji
0
0
0
Kiribati
6
6
12
50/50 grants/ credits
10
0
10
Grants only
Palau
0
0
0
PNG
0
120
120
Samoa
0
25
25
Credits only
Solomon Islands
8
8
16
50/50 grants/ credits
Tonga
12
0
12
Grants only
Tuvalu
5
5
10
Terms TBD
Vanuatu
0
18
18
Credits only
47
188
235
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-
50
Marshall Islands
Total – national
Regional
Comments
50/50 grants/ credits
IBRD only
IBRD only
Credits only. Also IBRD
3+ countries, 3:1 (or more)
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GEF provides incremental funding – i.e. additional
funds that enhance environmental benefits by
supplementing activities already underway
WB is one of 10 partner agencies through which
GEF funds are channelled
GEF 5 (July 2010 – July 2014) uses a new System
for Transparent Allocation of Resources (STAR) to
pre-allocate funds to countries in 3 areas – Climate
Change, Biodiversity Conservation and Land
Management
All PI Bank member countries have GEF STAR
allocations, managed through GEF focal points
(usually Environment Depts)
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Country
(* = flexible)
Climate
change
Biodiversity
Land
Total
FSM*
2.00
3.49
0.9
6.38
Fiji
2.00
4.56
0.59
7.15
Kiribati*
2.00
1.69
0.56
4.25
Marshall Islands*
2.00
2.02
0.50
4.52
Palau*
2.00
1.92
0.50
4.42
PNG
2.00
13.32
1.17
16.49
Samoa*
2.00
2.43
0.93
5.36
Solomon Islands*
2.00
3.60
0.65
6.25
Tonga*
2.00
1.59
0.75
4.34
Tuvalu*
2.00
1.50
0.59
4.09
Vanuatu*
2.00
2.55
0.89
5.44
24.00
40.17
8.93
73.09
Total
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Grants
◦ National IDA grants (6 countries)
◦ Regional IDA grants (6 countries, 3:1 or greater against national)
◦ Trust funds (11 countries, amount unspecified)
◦ GEF STAR allocations (11 countries, incremental funding, approx 1:2
against baseline)
◦ GEF International Waters thematic area (regional, amount unspecified)
◦ Other funding sources (e.g WB Development Grants Facility, co-financing
from other donors) also being explored
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Borrowing
◦ National IDA credits (7 countries)
◦ Regional IDA credits (7 countries, 3:1 or greater against baseline)
◦ IBRD loans (3 countries)
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National activities
◦ Core funding from national IDA grant allocations/ credits
(and possibly IBRD loans in some cases)
◦ Incremental funding from GEF STAR allocations
◦ Additional support for studies and TA from Trust Funds
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Regional activities
◦ Core funding from regional IDA grants/ credits
◦ Incremental funding from GEF International Waters
Thematic Area
◦ Additional support for studies and TA from Trust Funds
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Possibility of additional grant funding and cofinancing from other donors also being explored
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Complete draft FES and overall work programme
concept (March 2010)
Circulate FES among countries for comment and
feedback (March 2011)
Submission to WB management for approval (April
2011)
Consultative/ follow-up visits to PI countries (May/
June 2011)
Initial activities (Trust Fund) (April-June 2011)
Major program funding submissions/ applications
(June/ July 2011)
Substantive program commencement (late 2011/
2012)
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Summary information circulated to by WBG to
national Fisheries/ Environment Departments
Awareness-raising by Fisheries/ Environment
Departments to bring the FES to the attention
of national decision-makers and Central
Agencies (Ministries of Finance and Planning)
for consideration for IDA grant/ credit
funding
Dialogue between Fisheries/ Environment
Departments and other stakeholders to assess
prospects for accessing GEF STAR national
allocations
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