Catalog

	Table of Contents
p. 20 of 20 BACK | NEXT I. Introduction II. The Context: Fisheries in the Asian and Pacific Region III. The Bank's Experience in the Fisheries Sector IV. The Issues: Challenges and Opportunities V. The Recommended Strategy for the Bank A. Basic Principles of Bank Operations in Fisheries B. ADB’s Policy in the Fisheries Sector C. Operational Implications of Bank Policy D. Recommendation

Policy on Fisheries : V. The Recommended Strategy for the Bank

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D. Recommendation

The Board is requested to approve the recommended strategy and policy for the Bank in the fisheries sector as presented in pages 38 to 55 and summarized below:

1. Bank operations in the fisheries sector will be based on the principles of equity, efficiency, and sustainability. The overriding criterion upon which fisheries projects will be appraised and evaluated will be sustainability.

2. The Bank's fisheries investments will cover four areas: (a) policy support for the development of long-term sustainable fisheries management; (b) capacity building for development and resource management; (c) creating and strengthening of productive capacity, infrastructure, and services; and (d) regional cooperation.

3. The identification of fisheries investment projects will be guided by Bank experience, the subsectoral strategies, country-specific sector studies, and other related Bank studies, experiences and policies.

4. The Bank will apply its environmental guidelines rigorously in developing and implementing fisheries projects and will adopt a precautionary approach to interventions with potential impacts on the environment.

5. The Bank will pay particular attention to ensuring that projected catches, revenues, and scale of infrastructure are based on the most accurate and realistic assumptions possible.

6. A participatory approach to project design and implementation will be adopted to ensure the acceptability of projects by their target beneficiaries.

7. Projects will be designed in a holistic manner, incorporating environmental, social, and other costs and benefits not included in conventional cost-benefit analyses.

8. In Bank projects, fish production, processing and marketing will be undertaken primarily by private sector entities and fisherfolk, with the major role of governments being to provide a suitable policy, institutional and regulatory framework for sustainable resource management and to support research, training and extension.

9. Flexibility in project implementation will be allowed to account for risks and uncertainties in the design and implementation phases. Midterm reviews will be required of all projects, to enable appropriate changes in the course of implementation.

10. The recommendations of the Task Force on Improving Project Quality will be adhered to in all aspects of project design and implementation, and lessons from postevaluation of fisheries projects will be incorporated in designing new interventions.

11. The impacts on fisheries of the Bank's investments in other sectors will be analyzed and remedial measures incorporated wherever warranted.

Back C. Operational Implications of Bank Policy	Policy on Fisheries