About This Project

Establish a $2 billion World Bank facility providing technical assistance for ITQ system design, fisheries stock assessment capacity, and enforcement infrastructure to developing countries whose fisheries meet biological recovery potential thresholds. Structure as a results-based finance instrument: countries receive grant funding upon demonstrated stock biomass improvements, verified by independent MFRI-style scientific assessments. Include explicit community transition funding (30% of total) for small-scale fishing communities displaced by fleet rationalization. Exclude artisanal fisheries from ITQ requirements — apply community-managed area closures (territorial use rights in fisheries, TURFs) to subsistence and small-scale sectors instead, which Ostrom's research shows work effectively in community contexts without full marketization.

Timeline