Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Pacific Islands Regional Oceanscape Program (P131655) EAST ASIA AND PACIFIC | Pacific Islands | Environment & Natural Resources Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 2 | ARCHIVED on 04-Oct-2015 | ISR19753 | Implementing Agencies: Ministry of Finance & Economic Development, Ministry of Finance, Ministry of Finance, Ministry of Finance, Ministry of Finance Key Dates Key Project Dates Board Approval date:22-Dec-2014 Effectiveness Date:01-Jun-2015 Planned Mid Term Review Date:30-Sep-2017 Actual Mid-Term Review Date:-- Original Closing Date:30-Sep-2020 Revised Closing Date:30-Sep-2020 Project Development Objectives Pacific Islands Regional Oceanscape Program (P131655) Project Development Objective (from Project Appraisal Document) The objective of the Project is to strengthen the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitats upon which they depend. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Pacfic Islands Regional Ocenscape Program Forum Fisheries Agency (P153429) Global Environmental Objective (from Project Appraisal Document) The objective of the Project is to strengthen the shared management of selected Pacific Island oceanic and coastal fisheries, and the critical habitats upon which they depend. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name Sustainable Management of Oceanic Fisheries:(Cost $1.27 M) Sustainable Management of Coastal Fisheries:(Cost $0.50 M) 10/4/2015 Public Disclosure Copy Page 1 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Sustainable Financing of the Conservation of Critical Fishery Habitats:(Cost $2.69 M) Regional Coordination, Implementation Support, Training and Monitoring and Evaluation:(Cost $1.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Progress towards achievement of GEO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Moderately Satisfactory Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions The Pacific Islands Regional Oceanscape Program (PROP) implemented by the Pacific Islands Forum Fisheries Agency became effective on June 1, 2015. FFA are currently establishing a Project Support Unit to provide coordination and fiduciary expertise to support implementation of this regional project as well as the national PROP projects. 10/4/2015 Public Disclosure Copy Page 2 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) 10/4/2015 Public Disclosure Copy Page 3 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  Moderate  Moderate Macroeconomic  Moderate  Moderate  Moderate Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Moderate  Moderate  Moderate Environment and Social  Substantial  Substantial  Substantial Stakeholders  Substantial  Substantial  Substantial Other  Moderate  Moderate  Moderate Overall  Substantial  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Number of large marine protected or marine managed areas conserving habitat critical to support Pacific fisheries, for which sustainable revenue streams are identified (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 15-Feb-2015 -- 01-Aug-2015 30-Jun-2021 PHINDPDOTBL  Direct project beneficiaries (number), of which are female (%) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 250000.00 10/4/2015 Public Disclosure Copy Page 4 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Date 15-Feb-2015 -- 01-Aug-2015 30-Jun-2021 Overall Comments Global Environmental Objective Indicators PHINDGEOTBL  Number of large marine protected or marine managed areas conserving habitat critical to support Pacific fisheries, for which sustainable revenue streams are identified (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 15-Feb-2015 -- 01-Aug-2015 30-Jun-2021 Overall Comments Intermediate Results Indicators PHINDIRITBL  Regional BDM grouping of Pacific Island Countries formed to better manage this fishery and link to the regional market (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 15-Feb-2015 -- 01-Aug-2015 30-Jun-2021 10/4/2015 Public Disclosure Copy Page 5 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) PHINDIRITBL  Criteria developed for endowment funding of large MPAs in the region (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 15-Feb-2015 -- 01-Aug-2015 30-Jun-2021 PHINDIRITBL  Identification of ‘blue’ carbon financing proposals for three (3) pilot sites (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 3.00 Date 15-Feb-2015 -- 01-Aug-2015 30-Jun-2021 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P131655 IDA-D0230 Effective USD 3.97 3.97 0.00 0.40 3.40 10% P153429 TF-18604 Effective USD 2.19 2.19 0.00 0.10 2.09 5% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P131655 IDA-D0230 Effective 22-Dec-2014 29-Jan-2015 01-Jun-2015 30-Sep-2020 30-Sep-2020 P153429 TF-18604 Effective 22-Dec-2014 29-Jan-2015 01-Jun-2015 30-Sep-2020 30-Sep-2020 Cumulative Disbursements 10/4/2015 Public Disclosure Copy Page 6 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program (P131655) Restructuring History There has been no restructuring to date. Related Project(s) P153429-Pacfic Islands Regional Ocenscape Program Forum Fisheries Agency 10/4/2015 Public Disclosure Copy Page 7 of 7