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Maldives - Third Fisheries Project (English)

The objective of the Third Fishery Project in the Maldives is to: a) in increase fish production, government revenue, and foreign exchange earnings at a lower processing cost; (b) increase the income of fishing households to alleviate relative poverty; (c) reduce migration to the capital, Male', through balanced regional growth; and (d) create the environment for increased private sector participation in the fisheries sector. The overall outcome is assessed as satisfactory. Overall, implementation was very good and the specific objectives set for the project were achieved. Excellent consultant input to the procurement and construction supervision process ensured virtually trouble free implementation of major infrastructure development on a remote green field island site. Narrowly defined, sustainability of this, the major component, is very likely. Implementation of the technical assistance component was varied, as is also the likelihood of sustainability. Performance of the borrower and its agencies was satisfactory; overall, government actions were generally supportive, demonstrating full commitment to the project and sector. Bank performance, while generally satisfactory, was less so in identification and preparation, where the sector strategy adopted was suboptimal. Partial export liberalization in the sector, just prior to appraisal, insufficiently accounted for in project design, had a negative impact on the main project entity; but it vastly improved income generation for beneficiaries as well as overall sector efficiency. Positive lessons point to careful selection of consultants, as well as the prior in-country experience of these.


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  • Document Type

    Implementation Completion and Results Report

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  • Region

    South Asia,

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  • Doc Name

    Maldives - Third Fisheries Project

  • Keywords

    technical cooperation program;food and agricultural;exclusive economic zone;public sector monopoly;procurement and disbursement;competitive private sector;private sector involvement;fresh fish;incentives for efficiency;marine resource management;cost equipment;cost of equipment;public sector agency;price for fuel;production and export;absence of transfer;private sector income;availability of firewood;balance of payment;efforts of individuals;cold storage facility;diversification of export;Letter of Credit;provision of credit;access to fishing;level of employment;increase in capacity;source of financing;repair and maintenance;terms of sale;adequate regulatory framework;emergency financial assistance;quantity of fish;floor price;dried fish;fishery sector;export market;fish price;frozen fish;competitive structure;price policy;fish production;capacity utilization;market access;commercial entity;financial restructuring;constant term;foreign exchange;stock assessment;poverty alleviation;fishing fleet;income increase;storage capacity;study including;credit disbursement;borrower performance;government action;exogenous shock;Trade Policies;export earnings;commercial activity;fishing ground;export demand;basic food;navigational aid;relative poverty;Trade Policy;investment cost;regional growth;private activity;tuna fishing;strategic approach;import tariff;export price;resource rent;increase poverty;financial cost;price formula;collation system;increased export;overseas training;depreciation costs;transfer cost;price market;sustainable livelihood;vessel design;market price;operations cost;economic study;adequate supply;staff development;live turtles;involuntary resettlement;Indigenous Peoples;counterpart funding;direct beneficiaries;business strategy;subsidy scheme;administrative cost;price level;borrower commitment;bank staff;financial reporting;capital restructuring;fishery development;financial result;stakeholder consultation;physical implementation;coastal fishery;government income;price projection;econometric model;quality service;strategic thinking;bureaucratic requirement;Technical Training;income effect;canned fish;fishery activity;Stabilization policies;export business;financial stress;financial arrangement;doubtful debt;increased income;remote area;environmental analysis;government revenue;construction supervision;income generation;development policy;gross income;gross revenue;distribution cost;external factor;economic climate;catch rates;local fishing;displaced labor;commercial fishery;price change;local area;large fish;supply response;inadequate capacity;processing capacity;fish processing;marginal improvement;fishing vessel;commercial investment;good faith;catch level;home consumption;poverty incidence;private good;alternative strategy;state trading;appraisal mission;fish landings;relative income;input tax;subsidized credit;fishing boat;legal successor;national fishery;transparent procurement;competitive condition;sustainable approach;policy planning;marine product;fishery economics;tuna fishery;poverty alleviate;sectoral development;maldivian rufiyaa;statistical table;competitive sector;energy price;purchase price;income gain;average price;real income;price decline;baseline survey;income decline;foreign costs;Impact assessments;export competitiveness;export capacity;new vessel;stakeholder analysis;Economic Studies;private interest;civil works;heavy burden;capital structure;debt-equity ratio;social impact;alternative development;



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Maldives - Third Fisheries Project (English). Washington, D.C. : World Bank Group.