Component 2

Diversification, Alternative Livelihoods and Aquaculture for Sustainable Fisheries (US$3 million)

This component would support viable alternative livelihoods for the targeted fishing communities. The depletion of near-shore fish stocks has led to more stringent regulation. But given the high degree of pressure from artisanal fishers, measures to limit further entry of artisanal fishers into the industry and to encourage exit are necessary with appropriate incentives including provision of alternative livelihoods. The depletion of domestic fish stocks has the consequence of increased dependence on imported food fish, unless the food fish deficits can be significantly reduced, if not eliminated, by corresponding increases in aquaculture products.

The proposed activities are:

Sub-component 2.1 – Continuity-based Aquaculture:

Given concerns about declining fish stocks and the rising demand for fish and fish products in the domestic market as well as globally, aquaculture is seen as a key component in the development and management of fisheries resources and an important climate resilience measure. The Project would facilitate the development and management of responsible aquaculture based on the best available scientific information, specifically through support for establishing a fish farm cluster in select communities, training and technical inputs (e.g., fingerlings) and partnering with aquaculture/processing enterprises to contract the new fish farmers and provide technical inputs and farming materials.

Sub-component 2.2 – Coastal Mari-culture/Poly-culture:

Support and training will be provided for marine-based sustainable livelihoods activities, selected and validated by the participating communities.

Sub-component 2.3 – Artisanal Long Lines for Offshore Pelagics:

The Project would support the diversification of fishing effort with a pelagic fishery that is currently under-utilized. Targeted fishers are primarily the north coast communities who would not otherwise look at alternatives outside of fishing due to the strong cultural bond of many fishers to seafaring. This activity would involve strong research, development and training components to ensure that any fishery established for offshore pelagics would be done on a sustainable basis and in conformity with international best practices. This would be modelled after similar small scale pelagic fishing activities in the Eastern Caribbean.