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A World Bank grant of US$3.9 million will be used by the Pacific Islands Forum Fisheries Agency (FFA) to support up to an additional US$36 million in grants primarily for national activities in offshore and coastal fisheries management and development in four Pacific Island countries.
The countries are participating in the first phase of the World Bank’s Pacific Regional Oceanscape Programme.
FFA Director-General James Movick and the World Bank’s Country Director Franz Drees-Gross signed off on the formal agreements in a short ceremony held in Honiara this week.
The funds are expected to help FFA member countries and other regional agencies to strengthen the sustainable management of oceanic fisheries.
