The objective of the Adaptable Program Loan for the Additional Financing of the West Africa Regional Fisheries Project (WARFP) is to strengthen the capacity of the participating countries to govern and manage targeted fisheries, reduce illegal fishing and increase local value added to fish products. This project paper seeks the approval of the Executive Directors to provide an International Development Association (IDA) regional grant in an amount equivalent to 1.25 million special drawing rights (US$2 million equivalent) to the sub-regional fisheries commission. which is to be granted along with grants from the multi-donor trust fund for the African Catalytic Growth Fund (ACGF) in an amount of US$2 million to the Republic of Liberia and in an amount of US$8 million to the Republic of Sierra Leone, these two ACGF grants being extended as additional financing to the Liberia and Sierra Leone Projects. The additional financing and IDA regional grant will support expanded activities of the WARFP in order to scale up the projects impacts, by increasing the value added to fish products in Liberia and Sierra Leone, as well as expanding a regional fisheries information system being implemented by the Commission Sous-Regionale des Peches (CSRP) using a portion of the proceeds of the financing extended by the Association tothe Republic of Cape Verde, the Republic of Liberia, the Republic of Senegal and Republic of Sierra Leone.
