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In Peru, Fishing Less Anchoveta Pays Off

February 14, 2017

Peru is home to one of the world’s largest single stock fishery – the anchoveta – a species related to anchovy used in fishmeal for livestock and aquaculture around the world. Its harvest touches many lives. Reform of the anchoveta fisheries, supported by the World Bank starting in 2009, put a break on overfishing which was threatening the viability of a crucial resource. In the process, some fishermen like Jose Luis lost their jobs and had to strike a new path. Today, the reform has resulted in a more sustainable, resilient and profitable industry but Peru still faces challenges when it comes to regulating other types of fishing.