WASHINGTON, October 5, 2018 - The World Bank’s Board of Executive Directors today approved financing for the following project:
Sustainable Coastal and Marine Fisheries Project
IDA Credit: US $240 million
Terms: Maturity = 30 years, Grace period = 5 years
Project ID: P161568
Project Description: The Bangladesh Sustainable and Marine Fisheries Project (BSCMFP) aims to increase coastal and marine fisheries’ contribution to the economy through a series of management and sector reforms to enable wider community participation. The project will focus on activities for sustainable fisheries investment and growth, as well as improvement and production practices. It aims to empower 60,000 households with access to project-promoted livelihood activities.