Development of a Sustainable Fisheries Fund for the Western Central Atlantic: Wilderness Markets and Conservation International

Development of a Sustainable Fisheries Fund for the Western Central Atlantic: Wilderness Markets and Conservation International

Editor

FAO ;

Descripción

The Sustainable Fisheries Fund (SFF) proposed in this brochure aims to enhance the conservation and management of marine aquatic resources and promote sustainable fisheries operations and value chains in the Western Central Atlantic. The SFF would enable the private sector involved in fisheries in the region to access credit at relatively low interest rates, reduced guarantees and more flexible conditions, compared to commonly applied commercial bank loans. The increased credit access will contribute to faster and wider implementation of regionally agreed fisheries recommendations by the private sector. The SFF is an innovation in fisheries impact investments, as it will be the first fund that will directly promote RFMO recommendations implementation by the private sector. This SFF was developed with support of the World Bank implemented, GEF funded, Ocean Partnership Project for Sustainable Fisheries and Biodiversity Conservation Models for Innovation and Reform (OPP).