Disclosable Version of the ISR - Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) - P155642 - Sequence No : 01

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: 1 | ARCHIVED on 08-Dec-2017 | ISR30742 | 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:-- 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 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 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 Overall Implementation Progress (IP)  --  Moderately Satisfactory 12/8/2017 Public Disclosure Copy Page 1 of 8  Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) Overall Risk Rating  --  Moderate Implementation Status and Key Decisions The project was approved on September 29, 2017. It is now putting in place the different implementation arrangements and progressing towards effectiveness and the issuance of the Blue Bond. It will be important to ensure that the effectiveness and the issuance of the Blue Bond are finalized without delays. 　 The staffing of the project implementation unit is delayed and is a risk to the prompt start of the implementation of the project. This implementation will entail significant additional workload for the GoS and it is critical that the positions be filled and office space be allocated as soon as possible. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  --  Moderate Macroeconomic  Moderate  --  Moderate Sector Strategies and Policies  Moderate  --  Moderate Technical Design of Project or Program  Substantial  --  Substantial Institutional Capacity for Implementation and Sustainability  Substantial  --  Substantial Fiduciary  Moderate  --  Moderate Environment and Social  Moderate  --  Moderate Stakeholders  Moderate  --  Moderate Other  --  --  -- Overall  Moderate  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL  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 5,000,000.00 Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 12/8/2017 Public Disclosure Copy Page 2 of 8  Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) PHINDPDOTBL  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 -- -- 55.00 Date 30-Jun-2017 -- -- 30-Jun-2023 PHINDPDOTBL  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 -- -- 130.00 Date 30-Jun-2017 -- -- 30-Jun-2023 PHINDPDOTBL  4. Share of by-catch landed and sold in the Seychelles (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 -- -- 50.00 Date 30-Jun-2017 -- -- 30-Jun-2023 PHINDPDOTBL  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 -- -- 50.00 Date 30-Jun-2017 -- -- 30-Jun-2023 PHINDPDOTBL  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 -- -- 50.00 12/8/2017 Public Disclosure Copy Page 3 of 8  Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) Date 30-Jun-2017 -- -- 30-Jun-2023 PHINDPDOTBL  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 -- -- 50.00 Date 30-Jun-2017 -- -- 30-Jun-2023 Overall Comments Intermediate Results Indicators PHINDIRITBL  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 10,000,000.00 Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 PHINDIRITBL  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 7.00 Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 12/8/2017 Public Disclosure Copy Page 4 of 8  Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) PHINDIRITBL  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 3.00 Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 PHINDIRITBL  2.1 Fisheries management plans implemented (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 -- 2.00 5.00 Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 PHINDIRITBL  2.2 Performance review of fisheries management plans (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 PHINDIRITBL  2.3 Fisheries economic intelligence information publicly accessible (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 12/8/2017 Public Disclosure Copy Page 5 of 8  Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) PHINDIRITBL  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 10.00 Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 PHINDIRITBL  3.2 Food fish sold commercially from in-shore aquaculture (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 PHINDIRITBL  3.3 Proportion of landed catch from artisanal fisheries in labelling scheme (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 -- -- 30.00 Date 30-Jun-2017 -- -- 30-Jun-2023 PHINDIRITBL  3.4 Blue Investment Fund approval rate (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 60.00 Date 30-Jun-2017 -- 01-Dec-2017 30-Jun-2023 Overall Comments 12/8/2017 Public Disclosure Copy Page 6 of 8  Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed Not P155642 IBRD-87790 USD 5.00 5.00 0.00 0.00 5.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P155642 IBRD-87790 29-Sep-2017 15-Oct-2017 -- 30-Jun-2023 30-Jun-2023 Effective Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) 12/8/2017 Public Disclosure Copy Page 7 of 8  Public Disclosure Copy The World Bank Implementation Status & Results Report Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) (P155642) P158137-Third South West Indian Ocean Fisheries Governance and Shared Growth Project (SWIOFish3) ,P163800-SWIOFish3 (Seychelles) 12/8/2017 Public Disclosure Copy Page 8 of 8