Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) EAST ASIA AND PACIFIC | Marshall Islands | Environment & Natural Resources Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 4 | ARCHIVED on 10-Dec-2016 | ISR26028 | Implementing Agencies: Marshall Islands Marine Resource Authority Key Dates Key Project Dates Bank Approval Date:22-Dec-2014 Effectiveness Date:04-Sep-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 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 PHRPDODEL Components Name Component 1: Sustainable Management of Oceanic Fisheries:(Cost $5.45 M) Component 2: Sustainable Management of Coastal Fisheries:(Cost $2.78 M) Component 3: National Program Management, Monitoring and Evaluation:(Cost $0.35 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  Substantial  Substantial 12/10/2016 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) Implementation Status and Key Decisions The Republic of Marshall Islands Pacific Islands Regional Oceanscape Program (PROP) implemented by MIMRA became effective in September, 2015. MIMRA has established a project implementation team and has begun implementation of component one 'Sustainable Management of Oceanic Fisheries' and component two 'Sustainable Management of Coastal Fisheries' of the project. Implementation progress is moderately satisfactory and the project is expected to meet its development objective by the closing date September 30, 2020. 12/10/2016 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) 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 12/10/2016 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) 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 days fished in a country’s waters does not exceed its agreed annual allocation of fishing vessel days (PAE), while the total regional allocation (TAE) remains within sustainable levels* (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 100.00 Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 PHINDPDOTBL  Number of additional coastal fisheries legally managed by stakeholders in each country, with support from the Government (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 24.00 Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 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 0.00 60000.00 Date 30-Jun-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 Overall Comments Intermediate Results Indicators 12/10/2016 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) PHINDIRITBL  100% of purse seine fishing vessel days used are recorded annually according to agreed criteria* (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 100.00 100.00 100.00 Date 15-Feb-2015 01-Aug-2015 23-Jun-2016 30-Jun-2021 PHINDIRITBL  100% of purse seine fishing days used and sold are disclosed annually to the PNAO FIMS and other parties as part of a comprehensive verification system for the VDS* (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 PHINDIRITBL  Percentage (%) of tuna catch within a country’s waters that is encompassed within the VDS or a compatible system* (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 90.00 90.00 90.00 100.00 Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 PHINDIRITBL  At least one measure applied and maintained to increase flexibility and the value of a purse seine vessel day above the baseline (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 12/10/2016 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) PHINDIRITBL  A similar system to the VDS is introduced for managing access to the two long-line fisheries (tropical long-line fishery and southern albacore long-line fishery) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 PHINDIRITBL  Coastal fish resources assessed as the basis for improved management (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 24.00 Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 PHINDIRITBL  Number of national coastal fisheries management plans implemented for coastal export fisheries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 2.00 Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 PHINDIRITBL  Implementing agencies receive the support needed from FFA to achieve the program’s objectives (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Y N N Y Date 15-Feb-2015 21-Mar-2016 23-Jun-2016 30-Jun-2021 Overall Comments Data on Financial Performance 12/10/2016 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P151760 IDA-D0170 Effective XDR 4.60 4.60 0.00 0.50 4.10 11% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151760 IDA-D0170 Effective 22-Dec-2014 26-Jun-2015 04-Sep-2015 30-Sep-2020 30-Sep-2020 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) P152934-Pacific Islands Regional Oceanscape Program - Republic of Marshall Islands 12/10/2016 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Pacific Islands Regional Oceanscape Program - Republic of the Marshall Islands (P151760) 12/10/2016 Page 8 of 8 Public Disclosure Copy