TA DEVELOPMENT OF THE BLUE ECONOMY (MIC TF GRANT)
- Reference: P-SC-K00-012
- Appraisal Date: 03/01/2016
- Board Presentation: 29/06/2017
- Status: LendingLEND
- Implementing Agency: MINISTRY OF FINANCE
- Location: Seychelles
Fisheries are under the mandate of the recently created Ministry of Agriculture and Fisheries. The executive body responsible for implementing the policies set by the Ministry is the SFA, created in 1984. The aim of the SFA is to develop the fishing industry to its fullest potential and to safeguard the resource base for sustainable development. The SFA has a mandate for the management, planning, development, scientific and training functions, as well as regulatory functions. It works in close collaboration with the Ministry of Environment, Natural Resources and Transport, the Coastguard, the Ports Authority, other Government institutions, nongovernmental organizations, as well as overseas partners. Stakeholder consultations are held on a regular basis regarding the development of the sector. The SFA presently employs over 100 people, which includes scientific and administrative personnel.
The main functions of the SFA are:
-To promote, organize and develop fishing industries and fisheries resources in Seychelles; -To assist in the formulation of fisheries policies with respect to fishing development and fisheries resources; -To conduct negotiations, engage in meetings, seminars or discussions with regard to fishing or fisheries and the establishment or operations of fishing industries, whether at a national or international level, on behalf of the Republic; -To identify the manpower training requirements of Seychelles with regards to fishing and fishing industries.
Since its inception, the SFA has made remarkable advances, and to this day is the most credible fisheries management and research organization in the Western Indian Ocean. But SFA needs to be strengthened from marketing, research and development perspectives to allow further development and support the fishing industry adequately.
The purpose of the specific request for technical assistance, is to assist the Government of Seychelles to review, validate and implement the Roadmap and more importantly, to support Seychelles to promote its blue economy initiative by preparing a National Blue Economy Investment Plan, and to design a Blue Economy Programme, which aim to emerge blue economy to support socio-economic transformation of the Country. The Programme will address the key investment opportunities as follows:
(i) Fishing, Seafood processing and aquaculture;
(ii) Marine Services;
(iii) Renewable Energies;
(iv) Ocean Knowledge and Seychelles Marine Spatial Planning (SMSP) Initiative: phase 2 of SMSP.
The emerging concept of the Blue Economy has been embraced by the Government of Seychelles as a mechanism to realize sustainable economic development based around an ocean-based economy. With an EEZ of almost 1.4 million km2, the second largest in Africa, and 115 islands, the Seychelles is eager to maximize the full potential of this oceanic space. The adoption of the Blue economy concept is the foundation for economic diversification and growth within the archipelago. The Seychel les has recently established a Blue Economy Department under the Ministry of Finance. Through collaboration with the Commonwealth Secretariat, it has also developed a Blue Economy roadmap to support the development of the Blue Economy by providing a high level assessment of the opportunities available to the Seychelles for economic diversification and sustainable growth.
Seychelles intention is to implement the Blue Economy concept at the national level as a framework to foster an integrated approach for sustainable development programmes. The critical gap however, is the mechanism for its implementation at the national level. Limited, if any, practical information is currently available to countries, notably small states, wishing to implement these concepts. This is predominately so, as information that does exist focuses primarily on land-based economic development or has a strong focus on conservation rather than on the sustainable use of the investment in an ocean-based economy for national benefit. This roadmap will necessarily require the definition of short, medium and long-term actions across a broad range of sectors and will also require fundamental changes to the traditional institutional arrangements that exist to support management of marine sectors and resources in Seychelles. A coordinated, whole of Government approach will be a necessary condition for successful implementation of the Blue Economy. Recent changes in Government have established a dedicated agency to oversee completion and implementation for the Blue Economy Roadmap. However, while Seychelles has existing capacity for some key sectors of the Blue Economy (e.g. fisheries) it lacks the overarching policy and strategic expertise required to make this transition effectively. As such, the Government of Seychelles is seeking the assistance of the African Development Bank with the provision of a technical Assistance to assist the Government complete this transition effectively.
The main beneficiaries of the project will be the Ministry of Finance, Trade and The Blue Economy. In addition, a range of government agencies/ministries that have responsibility for the management of marine resources and sectors, including Marine resources, tourism, environment management, maritime transport, economic development and investment, maritime security and offshore petroleum will also benefit. A broad range of relevant stakeholders and citizens will ultimately benefit from this intervention, including existing marine industry sectors, marine user groups and local communities.
A MIC grant to assist the Seychelles Fishing Authority in improving fisheries statistics and to better quantify the importance of the fisheries sector to Seychelles economy could also be considered by the Bank.
The Bank is financing a UA 649,400 MIC grant to prepare a comprehensive "Agriculture Sector and Marine Aquaculture Development Study", which has also received some funding from the European Union for aquaculture development. More specifically, in relation to aquaculture, the Seychelles Fishing Authority had received some funds from NEPAD and conducted studies on some of the components that were initially supposed to be covered by the MIC grant. The fisheries study has consequently been scaled down to conducting an aquaculture and fisheries value chain analysis.
TOUNKARA Samba Bocary - RDGE5