Costa Rica Sustainable Fisheries Development Project

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The development objective of Sustainable Fisheries Development Project is to improve management of priority fisheries and enhance economic opportunities from those fisheries for Costa Rica. This project has four components. 1) The first component, Strengthening the governance and management of fisheries resources, aims to primarily support the strengthening of institutional capacities and regulatory frameworks, and other actions by the public sector necessary to improve the climate-informed governance and management of priority offshore and coastal fisheries. 2) The second component, Investing in sustainable fisheries value chains, aims to focus on creating an enabling environment for sustainable growth and greater climate resilience in the fisheries and aquaculture sector by supporting public investments in critical infrastructure and related services to improve the business climate for viable private sector investments. 3) The third component, strengthening mechanisms for social and environmental sustainability, aims to focus on supporting efforts to ensure that the transition towards a sustainable fisheries management regime addresses short-term socio-economic costs while increasing the environmental (including climate) benefits associated with that transition. 4) The fourth component, Project management, monitoring and communications, aims to strengthen Costa Rican Institute for Fisheries and Aquaculture (INCOPESCA’s) capacity to manage, implement, monitor, and report on project activities.