Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Pacific Islands Regional Oceanscape Program (P131655) EAST ASIA AND PACIFIC | Pacific Islands | Environment & Natural Resources Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 4 | ARCHIVED on 23-Dec-2016 | ISR26031 | Implementing Agencies: Ministry of Finance & Economic Development, Ministry of Finance, Ministry of Finance, Ministry of Finance, Ministry of Finance Key Dates Key Project Dates Bank Approval Date:22-Dec-2014 Effectiveness Date:01-Jun-2015 Planned Mid Term Review Date:30-Sep-2017 Actual Mid-Term Review Date:-- Original Closing Date:30-Sep-2020 Revised Closing Date:30-Sep-2020 Project Development Objectives Pacific Islands Regional Oceanscape Program (P131655) Project Development Objective (from Project Appraisal Document) The objective of the Project is to strengthen the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitats upon which they depend. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Pacfic Islands Regional Ocenscape Program Forum Fisheries Agency (P153429) Global Environmental Objective (from Project Appraisal Document) The objective of the Project is to strengthen the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitats upon which they depend. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name Sustainable Management of Oceanic Fisheries:(Cost $1.27 M) Sustainable Management of Coastal Fisheries:(Cost $0.50 M) 12/23/2016 Public Disclosure Copy Page 1 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Sustainable Financing of the Conservation of Critical Fishery Habitats:(Cost $2.69 M) Regional Coordination, Implementation Support, Training and Monitoring and Evaluation:(Cost $1.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Unsatisfactory  Moderately Unsatisfactory Overall Implementation Progress (IP)  Moderately Unsatisfactory  Unsatisfactory Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions The Pacific Islands Forum Fisheries Agency have established a Project Support Unit to provide coordination and fiduciary expertise to support implementation of this regional project. FFA has entered into agreements with the implementing agencies of the national PROP projects in the Federated States of Micronesia, the Republic of the Marshall Islands, Solomon Islands and Tuvalu who may request technical and fiduciary assistance from the Project Support Unit. FFA is working closely with the Parties to the Nauru Agreement Office (PNAO), the Pacific Islands Forum Secretariat (PIFS) and the Pacific Community (SPC) and aims in 2017 to commence implementation of project components designed to support regional efforts in: strengthening the capacity of national and regional institutions to sustainably manage Pacific tuna fisheries; linking sustainable coastal fish products to regional markets; and identifying sustainable financing for the conservation of critical fishery habitats. 12/23/2016 Public Disclosure Copy Page 2 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) 12/23/2016 Public Disclosure Copy Page 3 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) 12/23/2016 Public Disclosure Copy Page 4 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  Moderate  Moderate Macroeconomic  Moderate  Moderate  Moderate Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Moderate  Moderate  Moderate Environment and Social  Substantial  Substantial  Substantial Stakeholders  Substantial  Substantial  Substantial Other  Moderate  Moderate  Moderate Overall  Substantial  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Number of large marine protected or marine managed areas conserving habitat critical to support Pacific fisheries, for which sustainable revenue streams are identified (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 15-Feb-2015 19-May-2016 18-Nov-2016 30-Jun-2021 PHINDPDOTBL  Direct project beneficiaries (number), of which are female (%) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 250,000.00 Date 15-Feb-2015 19-May-2016 18-Nov-2016 30-Jun-2021 12/23/2016 Public Disclosure Copy Page 5 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Overall Comments Implementation of project activities under component 1, 2 or 3 has not yet commenced. Global Environmental Objective Indicators PHINDGEOTBL  Number of large marine protected or marine managed areas conserving habitat critical to support Pacific fisheries, for which sustainable revenue streams are identified (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 15-Feb-2015 19-May-2016 19-May-2016 30-Jun-2021 Overall CommentsPHGEOCMTS Implementation of project activities under component 1, 2 or 3 has not yet commenced. Intermediate Results Indicators PHINDIRITBL  Regional BDM grouping of Pacific Island Countries formed to better manage this fishery and link to the regional market (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 15-Feb-2015 19-May-2016 18-Nov-2016 30-Jun-2021 PHINDIRITBL  Criteria developed for endowment funding of large MPAs in the region (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 15-Feb-2015 19-May-2016 18-Nov-2016 30-Jun-2021 12/23/2016 Public Disclosure Copy Page 6 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) PHINDIRITBL  Identification of ‘blue’ carbon financing proposals for three (3) pilot sites (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 15-Feb-2015 19-May-2016 18-Nov-2016 30-Jun-2021 Overall Comments Implementation of project activities under component 1, 2 or 3 has not yet commenced. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P131655 IDA-D0230 Effective USD 3.97 3.97 0.00 0.55 3.24 14% P153429 TF-18604 Effective USD 2.19 2.19 0.00 0.10 2.09 5% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P131655 IDA-D0230 Effective 22-Dec-2014 29-Jan-2015 01-Jun-2015 30-Sep-2020 30-Sep-2020 P153429 TF-18604 Effective 22-Dec-2014 29-Jan-2015 01-Jun-2015 30-Sep-2020 30-Sep-2020 Cumulative Disbursements 12/23/2016 Public Disclosure Copy Page 7 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Restructuring History There has been no restructuring to date. Related Project(s) P153429-Pacfic Islands Regional Ocenscape Program Forum Fisheries Agency 12/23/2016 Public Disclosure Copy Page 8 of 8