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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 countries2

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.

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 Timor-Leste

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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Country Grants

Credits

Total Comments

FSM 6 6 12 50/50 grants/ credits

Fiji 0 0 0 IBRD only

Kiribati 6 6 12 50/50 grants/ credits

Marshall Islands 10 0 10 Grants only

Palau 0 0 0 IBRD only

PNG 0 120 120 Credits only. Also IBRD

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

Total – national

47 188 235

Regional - - 50 3+ countries, 3:1 (or more)

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

Total 24.00 40.17 8.93 73.09

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

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 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 Possibility of additional grant funding and co-

financing 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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