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PRESS RELEASE

GEF grant approved to support 140 poor fishing communities in Vietnam’s coastal areas

March 29, 2013



WASHINGTON, March 29, 2013 - The World Bank Board of Directors today approved an additional grant to the Socialist Republic of Vietnam in the amount of US$6.5 million for the Coastal Resources for Sustainable Development Project (CRSD) to improve the sustainable management of the country’s coastal fisheries. The grant comes from the Global Environment Facility (GEF) – a Trust Fund managed by the World Bank to help address six critical environmental focal areas: biodiversity, climate change, international waters, ozone depletion, land degradation and persistent organic pollutants.

The Original Project (CRSD, with US$100 million from IDA Credit) approved by the World Bank Board on May 10, 2012 has four components:

  • institutional capacity strengthening for sustainable fisheries management;
  • good practices for sustainable aquaculture;
  • sustainable management of near-shore capture fisheries, and
  • project management, monitoring, and evaluation.

The project is implemented in eight provinces: Ca Mau, Soc Trang, Khanh Hoa, Phu Yen, Binh Dinh, Ha Tinh, Nghe An, and Thanh Hoa.

The additional GEF grant will be used to finance parts of the inter-sectoral planning for coastal areas and parts of the co-management of near-shore capture fisheries. The grant would provide direct support to around 140 poor fishing communities in 8 project provinces in preparation and implementation of co-management plans for coastal fisheries, which will contribute to the objective of improving the sustainable management of coastal fisheries in the project area.

 

Media Contacts
In Hanoi
Nguyen Hong Ngan
Tel : +84.4.39346600 - 234
nnguyen5@worldbank.org
In Washington
Carl Hanlon
Tel : (202) 473-8087
chanlon@worldbank.org


PRESS RELEASE NO:
2013/314/EAP

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