Third Fisheries Development Project - IFAD
Third Fisheries Development Project
To maximize the potential of Yemen ’s fisheries sector, the project established a Fisheries Manpower Development Centre. The centre trained fishers in navigation and commercial fishing and marine engineering, and in fish handling, processing and distribution. It formed specialists to be employed in the industrialized fishing fleet, where highly mechanized facilities were underutilized because of a shortage of trained manpower. The Centre’s extension service provided information and technical aid for remote fishing villages.
An investment programme targeted five fishing villages that participated in four cooperatives. To increase production and the incomes of the fishing communities, the programme provided qualified staff for the cooperatives and improved infrastructure, storage and transport facilities. After an initial delay because of a lack of government financing, the project’s work proceeded rapidly when funds from AFESD closed the financing gap.
Source: IFAD
Additional Data
-
Total Project Cost
US$ 27.7 million
-
IFAD Financing
US$ 5 million
-
Financing terms
Highly Concessional
Co-financiers (International)
-
Arab Fund for Economic and Social Development
US$ 8.6 million
-
European Union
US$ 3.4 million
-
World Bank: International Development Association
US$ 6 million
Co-financiers (Domestic)
-
National Government
US$ 4.7 million