Fisheries, Coastal Resources and Livelihood Project (FishCORAL)

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Fisheries, Coastal Resources and Livelihood Project

 

The overall goal of the Fisheries, Coastal Resources and Livelihood Project (FishCORAL) is to reduce poverty in poor coastal communities, improve food and nutrition security and increase household incomes in the Philippines. This will be achieved by building fishing communities' capacity to sustainably manage fishery and coastal resources and by ensuring sustainable engagement in diversified livelihood activities.

The project will target coastal areas in four regions: Autonomous Region in Muslim Mindanao, Caraga in Northeastern Mindanao, Eastern Visayas, and Bicol in Southern Luzon.

The project's main activities will include:

  • Monitoring and self-regulating fishing activities to prevent overfishing
  • Boosting the marine ecosystem by replanting vegetation and creating fish sanctuaries
  • Improving coastline infrastructure
  • Promoting fisheries related micro-enterprises including sea weed culture and fish processing

The project will also help to rebuild fishing communities and rehabilitation of coastal resources that were affected by the recent Typhoon Haiyan especially in the Eastern Visayas Region.

More than 180,000 poor households living in coastal areas will benefit from this IFAD-funded project.
 

Source: IFAD

 
Status: Ongoing
Country
Philippines
Approval Date
15 September 2015
Duration
2015 - 2021
Sector
Fisheries
Total Project Cost
US$ 43.05 million
IFAD Financing
US$ 29.96 million
Co-financiers (Domestic)
Local Government US$ 5.64 million
National Government US$ 6.12 million
Beneficiaries US$ 1.33 million
Financing terms
Ordinary
Project ID
1100001548
Project Contact
Alessandro Marini

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