Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) AFRICA | Africa | Environment & Natural Resources Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 3 | ARCHIVED on 21-Dec-2018 | ISR35545 | Implementing Agencies: Ministry of Finance, Trade and Economic Planning, Republic of Seychelles Key Dates Key Project Dates Bank Approval Date: 29-Sep-2017 Effectiveness Date: 16-Apr-2018 Planned Mid Term Review Date: 30-Sep-2020 Actual Mid-Term Review Date: -- Original Closing Date: 30-Jun-2023 Revised Closing Date: 30-Jun-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to improve management of marine areas and fisheries in targeted zones and strengthen fisheries value chains in the Seychelles. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Expansion of sustainable-use marine protected areas:(Cost $4.15 M) Component 2: Improved governance of priority fisheries:(Cost $4.15 M) Component 3: Sustainable development of the blue economy:(Cost $16.00 M) Component 4: Project management and coordination:(Cost $1.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The project is now effective and the Blue Bond was issued in October 2018. The delay in issuing the Blue Bond affected the project implementation as significant activities were dependent on this issuance and the flow of the Blue Bond proceeds. These activities can now start through the Blue 12/21/2018 Page 1 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) Grants Fund (under SeyCCAT) and the Blue Investment Fund (under DBS). The first call under the Blue Grant Fund was made during this period and is in its final stage of selection. 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 Substantial Substantial Substantial Institutional Capacity for Implementation and Sustainability Substantial Substantial Substantial Fiduciary Moderate Moderate Moderate Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- -- -- Overall Moderate Moderate Moderate Results PDO Indicators by Objectives / Outcomes To improve management of marine areas and fisheries in targeted zones and IN00571205 ►1. Sustainable-use marine protected areas with a Management Effectiveness Tracking Tool (METT) score of 50 or higher (Hectare(Ha), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,000,000.00 Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 IN00571217 ►2. Share of key demersal indicator species stable or rebuilding in the Mahé Plateau fisheries (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 11.00 -- 11.00 55.00 Date 30-Jun-2017 -- 18-Dec-2018 30-Jun-2023 IN00571218 12/21/2018 Page 2 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) ►3. Ratio between consumer price per kilogram and landed catch price per kilogram in artisanal fisheries (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 110.00 -- 110.00 130.00 Date 30-Jun-2017 -- 18-Dec-2018 30-Jun-2023 IN00571219 ►4. Share of by-catch landed and sold in the Seychelles (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 -- 10.00 50.00 Date 30-Jun-2017 -- 18-Dec-2018 30-Jun-2023 IN00571216 ►5. Share of citizens of the Seychelles who rate management of sustainable-use marine areas and selected fisheries as ‘Satisfactory’ or above (disaggregated by sex and age) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 30-Jun-2017 -- 18-Dec-2018 30-Jun-2023 IN00571225 Share of female citizens of the Seychelles who rate management of sustainable-use marine areas and selected fisheries as ‘Satisfactory’ or above (disaggregated by age) (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 30-Jun-2017 -- 18-Dec-2018 30-Jun-2023 IN00571226 Share of male citizens of the Seychelles who rate management of sustainable-use marine areas and selected fisheries as ‘Satisfactory’ or above (disaggregated by age) (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50.00 Date 30-Jun-2017 -- 18-Dec-2018 30-Jun-2023 Intermediate Results Indicators by Components Component 1: Expansion of sustainable-use marine protected areas IN00571221 ►1.1 Area with submission for gazettment to the Parliament as a sustainable-use marine protected area with agreed-upon management plans developed in a consultative manner (Hectare(Ha), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 20,000,000.00 10,000,000.00 Date 30-Jun-2017 01-Dec-2017 18-Dec-2018 30-Jun-2023 IN00571211 12/21/2018 Page 3 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) ►1.2 Annual air surveillance trips in sustainable-use marine protected areas (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 7.00 Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 IN00571222 ►1.3 Sustainable-use marine protected areas managed by non-state actors (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 Component 2: Improved governance of priority fisheries IN00571212 ►2.1 Fisheries management plans implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 2.00 2.00 5.00 Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 IN00571220 ►2.2 Performance review of fisheries management plans (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 IN00571213 ►2.3 Fisheries economic intelligence information publicly accessible (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 Component 3: Sustainable development of the blue economy IN00571214 ►3.1 Share of landed catch from domestic fisheries sold via auction (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 IN00571215 12/21/2018 Page 4 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) ►3.2 Food fish sold commercially from in-shore aquaculture (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 IN00571223 ►3.3 Proportion of landed catch from artisanal fisheries in labelling scheme (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 -- 10.00 30.00 Date 30-Jun-2017 -- 18-Dec-2018 30-Jun-2023 IN00571224 ►3.4 Blue Investment Fund approval rate (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 60.00 Date 30-Jun-2017 01-Dec-2017 01-Dec-2017 30-Jun-2023 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P155642 IBRD-87790 Effective USD 5.00 5.00 0.00 0.96 4.04 19% P158137 TF-A5293 Effective USD 5.29 5.29 0.00 0.00 5.29 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P155642 IBRD-87790 Effective 29-Sep-2017 15-Oct-2017 16-Apr-2018 30-Jun-2023 30-Jun-2023 P158137 TF-A5293 Effective 29-Sep-2017 15-Oct-2017 16-Apr-2018 30-Jun-2023 30-Jun-2023 Cumulative Disbursements 12/21/2018 Page 5 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) Restructuring History There has been no restructuring to date. Related Project(s) P158137-Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) ,P163800-SWIOFish3 (Seychelles) 12/21/2018 Page 6 of 6