Third Fisheries Development Project

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Third Fisheries Development Project

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


Status: Closed
Country
Yemen
Approval Date
15 September 1982
Duration
1982 - 1988
Sector
Fisheries
Total Project Cost
US$ 27.7 million
IFAD Financing
US$ 5 million
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
Financing terms
Highly Concessional
Project ID
1100000106

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