Madagascar - Tuléar Fishing Communities Support Project (PACP)

The Tuléar Fishing Communities Support Project (PACP) ranks among the priorities of the Government of Madagascar, features in the Bank’s country assistance strategy and will generate synergy with other Bank projects in the same area with regard to impact on poverty. The project will help to halt the current dwindling production in traditional fishing areas threatened by overfishing, consolidate fishermen’s organizations and State services, and provide fishermen with credit. It will produce an additional annual yield of 800 tons of octopus and 3,000 tons of fish. The PACP will help fishermen to procure new fishing means and gain access to credit while engaging in sustainable management of fishery resources. These factors will help to safeguard the incomes of project beneficiaries and reduce the incidence of poverty in project areas. The Fishing Communities Support Project has four components: (i) Capacitybuilding; (ii) Development and sustainable management of fishery resources; (iii) Development of production; and (iv) Project coordination and management. The total cost of the project, net of taxes and customs duties, is estimated at Ar. 20.863 billion (or UA 7.080 million). It shall be implemented over a period of 6 years.