Public Disclosure Copy The World Bank Implementation Status & Results Report Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Grow Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Grow SOUTH ASIA | Maldives | Environment & Natural Resources Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 1 | ARCHIVED on 04-Oct-2017 | ISR29618 | Implementing Agencies: Government of Maldives, Ministry of Fisheries and Agriculture Key Dates Key Project Dates Bank Approval Date:11-Apr-2017 Effectiveness Date:06-Jul-2017 Planned Mid Term Review Date:17-Feb-2020 Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2022 Revised Closing Date:31-Dec-2022 Project Development Objectives Project Development Objective (from Project Appraisal Document) To improve management of fisheries at regional and national levels including support to establish mariculture in targeted atolls inthe Maldives. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Augmentation of Institutional Capacity for Marine Fisheries Management:(Cost $5.09 M) Support to Mariculture and Diversification of Fisheries:(Cost $10.76 M) Project Management, Monitoring and Evaluation:(Cost $2.15 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Overall Risk Rating  --  Substantial 10/4/2017 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Grow Implementation Status and Key Decisions The project is starting implementation. Currently, the initial activities, such as establishment of the Project Management Unit, appears adequate and on track. In addition, the Project has already supported two policy-level dialogue/meetings of select South West Indian Ocean (SWIO) countries. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  High  --  High Macroeconomic  High  --  High Sector Strategies and Policies  Substantial  --  Substantial Technical Design of Project or Program  Moderate  --  Moderate Institutional Capacity for Implementation and Sustainability  Moderate  --  Moderate Fiduciary  Substantial  --  Substantial Environment and Social  Moderate  --  Moderate Stakeholders  Moderate  --  Moderate Other  --  --  -- Overall  Substantial  --  Substantial Results Project Development Objective Indicators PHINDPDOTBL  SWIO countries comply with IOTC resolutions for management of Tuna Fishery (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 72.00 -- 72.00 77.00 Date 15-Dec-2016 -- 14-Sep-2017 31-Dec-2022 PHINDPDOTBL  Compliance by Maldives to the IOTC regulations (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target 10/4/2017 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Grow Value 78.00 -- 78.00 83.00 Date 15-Dec-2016 -- 14-Sep-2017 31-Dec-2022 PHINDPDOTBL  Vessels complying with IOTC requirements on monitoring and reporting (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 90.00 Date 30-Nov-2016 -- 14-Sep-2017 30-Jun-2022 PHINDPDOTBL  Value of production from mariculture supported by the project (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 9,000,000.00 Date 30-Nov-2016 -- 14-Sep-2017 31-Dec-2022 PHINDPDOTBL  Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,800.00 Date 30-Nov-2016 -- 14-Sep-2017 31-Dec-2022 PHINDPDOTBL  Female beneficiaries (Percentage, Custom Supplement) 10/4/2017 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Grow Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 20.00 PHINDPDOTBL  Share of target beneficiaries with rating  Satisfied  or above on project interventions (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 80.00 Date 30-Nov-2016 -- 14-Sep-2017 31-Dec-2022 Overall Comments Intermediate Results Indicators PHINDIRITBL  Provision of support to the Island Countries to improve therir negotiation capacity within IOTC (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 30-Nov-2016 -- 14-Sep-2017 30-Jun-2022 PHINDIRITBL  IOTC Compliance Support Mission completed in Maldives (cumulative) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 Date 01-Feb-2017 -- 14-Sep-2017 31-Dec-2022 10/4/2017 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Grow PHINDIRITBL  Key policy or legal instruments updated in Maldives (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2.00 Date 01-Feb-2017 -- 14-Sep-2017 31-Dec-2022 PHINDIRITBL  Vessels inspected under MCS (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 1,100.00 Date 30-Nov-2016 -- 14-Sep-2017 31-Dec-2022 PHINDIRITBL  Fishing Trips covered with Electronic Observation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 6,000.00 Date 01-Feb-2017 -- 14-Sep-2017 31-Dec-2022 PHINDIRITBL  Viability demonstrated for out-grower farms of sea cucumber (or other species equivalent in value) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 -- 100.00 250.00 Date 01-Jul-2017 -- 14-Sep-2017 31-Dec-2022 10/4/2017 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Grow PHINDIRITBL  Viability demonstrated for out-grower farms of groupers (or other species equivalent in value) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 200.00 Date 30-Nov-2016 -- 14-Sep-2017 31-Dec-2022 PHINDIRITBL  Production of fingerlings by the hatchery (Number (Thousand), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2,000,000.00 Date 30-Nov-2016 -- 14-Sep-2017 31-Dec-2022 PHINDIRITBL  Out-grower mariculture farms receiving extension services. (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 90.00 Date 30-Nov-2016 -- 14-Sep-2017 31-Dec-2022 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P157801 IDA-D1750 Effective USD 18.00 18.00 0.00 3.97 14.81 22% Key Dates (by loan) 10/4/2017 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Sustainable Fisheries Resources Development Project (Fourth South West Indian Ocean Fisheries Governance and Shared Grow Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P157801 IDA-D1750 Effective 11-Apr-2017 14-Jun-2017 06-Jul-2017 31-Dec-2022 31-Dec-2022 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 10/4/2017 Page 7 of 7 Public Disclosure Copy