USAID Assists in Mobilizing US$103.2 Million in Climate Finance to Support Sustainable Fisheries in the Pacific

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USAID Assists in Mobilizing US$103.2 Million in Climate Finance to Support Sustainable Fisheries in the Pacific
North Pacific - Working towards sustainable tuna fisheries in the Pacific.

For Immediate Release

Sunday, June 5, 2022

The United States Agency for International Development (USAID) is joining Pacific Island countries to mobilize a US$103.2 million project in partnership with the Global Environment Facility (GEF), United Nations Development Programme (UNDP), and Pacific Forum Fisheries Agency to address threats to sustainable fisheries and food security in the region.

“The U.S. government, through USAID, is proud to support this partnership that empowers Pacific Islands communities to take the lead in implementing conservation activities that will protect their fish stocks from the looming perils of climate change,” said Ryan Washburn, USAID Mission Director for the Philippines, Pacific Islands and Mongolia.

Through its Climate Ready project, USAID provided technical assistance for the preparation and submission of the successful project proposal titled, “Mainstreaming climate change and ecosystem-based approaches into the sustainable management of the Living Marine Resources of the Western and Central Pacific Fisheries Commission - Oceanic Fisheries Management Project III.”

The funding comes from the GEF Trust Fund, UNDP, regional organizations, and partner country governments. The project will implement the 2019 Strategic Action Programme for the Sustainable Management of Living Oceanic Resources for the Pacific which addresses the root causes of threats to and potential impacts on fisheries.

The partnership will advance innovative technologies to support a proactive and adaptive ecosystem-based approach to regional fisheries management; develop and adopt a regional strategy to boost community subsistence and resilience to climate change; and improve knowledge management and sharing.

USAID’s Climate Ready Project collaborates with government partners and other key stakeholders across the Pacific region to develop climate adaptation policies, facilitate access to climate finance from international adaptation funds, and improve adaptation project management skills and systems. To date, the project has mobilized approximately $323 million from various international funds, and supported accreditation of key national and regional entities in obtaining direct access to international climate funds such as the Green Climate Fund.

Last updated: September 13, 2022

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