1. Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa (SSA)

2. Outline of the Presentation 1.Background 2.The Concept 3.Description of the Strategic Partnership 4.Preparation & Next Steps Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

3. 1. Background Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

4. Global Importance of Fisheries: Why the World Bank is Re-Engaging in the Sector Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa  Source of Livelihoods & Income in Developing Countries  Essential to livelihoods of roughly 50 million people  Employs some 250 million people  Critical Source of Food Security in Developing Countries  For example: supplies more than 50% of animal protein intake for many African countries (e.g. Gambia, Ghana, Equatorial Guinea, Sierra Leone, Togo, Guinea, the Republic of the Congo, etc.)  Major Source of Income and Export for Client Countries  At least 13 developing countries with more than 5 percent of GDP;  Up to 50 percent of Government Revenue in some Client countries;  Fastest Growing Ag. Commodity in International Trade

5. Background of the Strategic Partnership concept Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa  Because of the global importance of fisheries, the World Bank’s new Fisheries Approach Paper calls on the Bank to re-engage in the sector, and where requested assist developing countries to improve the governance of their fisheries resources.  As a result, in 2003 the GEF requested the World Bank to lead the preparation and implementation of a ten-year Strategic Partnership for a Sustainable Fisheries Investment Fund in the Large Marine Ecosystems of SSA.

6. Objectives of the Strategic Partnership: To support country level strategies and investments to: reverse the depletion of fisheries in the large marine ecosystems (LMEs) of SSA, assist the individual coastal countries bordering these LMEs to meet the fisheries targets and poverty eradication goal of the WSSD, and complement the ongoing LME initiatives in SSA. Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

7. 2. The Concept for the Strategic Partnership Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

8. Concept GEF would create a Sustainable Fisheries Investment Fund of US$ 60 million (disbursed in 3 tranches over 10 years). This Investment Fund would be available to co-finance country-level projects aimed at helping countries in SSA meet the WSSD fisheries targets and poverty eradication goal. The World Bank submitted a concept that was accepted into the GEF pipeline at the end of May, 2003. Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

9. 3. Description of the Strategic Partnership Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

10. Funding The Investment Fund would be co-financed by the World Bank, through: (I)Global Program for Fisheries (PROFISH) (ii)IDA funds for implementation (III) as well as Other interested donors Bi-lateral, multi-lateral donors Global Program on Fisheries (PROFISH) World Bank (IDA funding) Sustainable Fisheries Investment Fund (GEF) Country-Level Projects Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

11. Strategic Partnership The Sustainable Fisheries Investment Fund would be advised by a regional panel, or the Strategic Partnership, of: stakeholders, Gov. representatives, donors, NGOs, etc. The Partnership could facilitate regional learning exchanges and coordination between country- level investments. Thus, the concept for a Strategic Partnership for a Sustainable Fisheries Investment Fund. Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

12. Projects Types of country-level projects potentially supported by the Strategic Partnership: The types of country-level investments might include: Community-driven development programs to introduce co-management Long-term strategy for management of the sector Strengthened monitoring, control and surveillance of fisheries Effective networks of marine protected areas Alternative livelihoods to fishing Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

13. 4. Preparation & Next Steps Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

14. Preparation The World Bank has asked FAO and WWF to help prepare the Strategic Partnership for a Sustainable Fisheries Investment Fund, as planning partners. The three planning partners, the World Bank, FAO and WWF, submitted a PDF-B proposal that was accepted by the GEF at the beginning of June 2004, for preparation funds for a period of 15 months. Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

15. Preparation Outputs 1. The finalized structure of the Strategic Partnership, including roles and responsibilities for stakeholders and partners during implementation. 2. Transparent eligibility criteria for projects funded by the Strategic Partnership. 3. A monitoring and evaluation component for regional and country-level impacts, progress towards WSSD targets. 4. Concepts for the first two country- level projects to be funded by the Partnership. Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa

16. Preparation Process The planning partners are presenting the initial concept to stakeholders in the region, and begin wide discussions and consultations to prepare the Strategic Partnership:  At A second Regional Consultation that will follow this one in several months.  Also to High-Level Policy-Makers at the NEPAD ‘Fish for All’ Summit hosted by the President of Nigeria [postponed to September]  Through ongoing discussions and an informal network for comments and suggestions established here today. Strategic Partnership for a Sustainable Fisheries Investment Fund in Sub-Saharan Africa