WASHINGTON, June 28, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:
GEF GRANT: US$12 million
PROJECT DESCRIPTION: The project aims to promote sustainable use of fish resources through adoption by the Southwest Indian Ocean-riparian countries of a large marine ecosystem (LME)-based ecosystem approach to fisheries management in the Agulhas and Somali LMEs that recognizes the importance of preserving biodiversity. The project aims to generate scientific knowledge and develop the core legal and institutional capacity needed to implement an action plan in order to manage these fisheries for maximum economic returns, consistent with a management strategy that stresses environmental sustainability and socially equitable distribution of the benefits of exploitation.
For more information, please call Aby Toure at (202) 473 8302 or email:
akonate@worldbank.org
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