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Country Assistance Plans - Solomon Islands : III. Sector Strategies
III. Sector StrategiesA. Agriculture and Natural Resources19. Fisheries. Fisheries is a priority area for ADB assistance given its importance to the economy, as well as for food security. A 1999 ADB-financed Fisheries Sector Study has identified key policy and institutional issues, as well as potential investments. Of immediate concern is the need to optimize revenue generation from the fisheries sector and to rationalize the licensing scheme under the Tuna Management Plan and the 1998 Fisheries Act. In the medium term, a priority would be to build the capacity of the Fisheries Division to formulate and implement sound policies and programs in the sector. A loan for a Fisheries Management and Development Project of US$6.0 million is proposed for 2000. If a sound policy framework and effective institutional capacities can be established under the proposed Fisheries Management and Development Project, a project preparatory technical assistance grant (PPTA) of US$800,000 could be processed in 2002 to design a Fisheries Infrastructure Project (to finance fisheries infrastructure and facilities under a subsequent ADB loan).
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