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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 Timor-Leste,
PNG and the Pacific Islands. 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. Timor-Leste is
also included
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
Includes both oceanic and coastal fisheries
components
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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In regard to Oceanic Fisheries, the FES will
propose:
◦ 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;
◦ Possible extension of the VDS (or other rights-based
scheme) to tuna longline fisheries, especially in the
Te Vaka Moana (TVM) member countries
◦ Specialised 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 to improve sustainable
development and management of coastal resources
◦ 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
◦ Potential economic benefits from regional cooperation/
harmonisation of management approaches (a BDM ‘cartel’)
and information/ knowledge sharing
◦ Opportunity/ need for participation/ intervention at
several levels – government (policy, MCS), technical/ R&D
(e.g restocking), private sector, communities, civil society
and NGO/ CBO
◦ BDM fishery restoration presents opportunity to
demonstrate fishery management benefits more broadly
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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 component best carried out through
existing regional fishery institution(s) rather than
creating something new
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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 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. IDA credits 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 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
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18
Credits only
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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, 2-for-1
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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, 2-for-1 against national)
◦ Trust funds (11 countries, amount unspecified)
◦ GEF STAR allocations (11 countries, incremental funding, approx 1-for-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, 2-for-1 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 Areas
◦ 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
(Dec 2010)
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Circulate FES among countries for comment and feedback
(Jan 2011)
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Consultative/ follow-up visits to PI countries (Feb 2011)
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Finalisation and presentation to SPC HOF meeting (28 Feb –
4 Mar 2011)
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Submission to WB management for approval (March 2011)
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Initial activities (Trust Fund) (April-June 2011)
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Major program funding submissions/ applications
(June/ July 2011)
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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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