Pacific Islands Regional Oceanscape Program will initially provide funding to the Federated States of Micronesia, the Republic of the Marshall Islands, the Solomon Islands, Tuvalu and the Pacific Islands Forum Fisheries Agency to improve the sustainable use of oceanic fisheries, coastal fisheries, and critical habitats.
PROP will initially provide funding to the Federated States of Micronesia, the Republic of the Marshall Islands, the Solomon Islands, Tuvalu and the Pacific Islands Forum Fisheries Agency to improve the sustainable use of oceanic fisheries, coastal fisheries, and the critical habitats on which they depend.
PROP will also protect critical fishery habitats by creating financing mechanisms to fund the conservation of the growing number of protected marine areas in the region, and providing funds to ensure a coordinated regional approach to the implementation, monitoring and evaluation of the program.
The program will promote the local implementation of shared regional objectives, together with coordination from the Pacific Islands Forum Fisheries Agency. PROP will eventually expand the number of countries involved over its six to 10 year duration, with the potential to involve all 11 eligible Pacific Island Countries.
PROP will be funded through a US$32.97 million in grants and credits from the IDA, the World Banks fund for the poorest countries. An additional US$6.3 million will be provided by the Global Environment Facility (GEF) Trust Fund to the Solomon Islands, Tuvalu and the Pacific Islands Forum Fisheries Agency.
Related Link Pacific Islands Oceanscape
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Sustainable and Equitable Fishing in the Pacific Gets Funding
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