Oceans for Prosperity Project - LAUTRA

The development objective of the Oceans for Prosperity Project - Lautra for Indonesia is to enhance the sustainable management of select marine protected areas and coral reef fisheries and improve access to economic opportunities for local communities in target areas. The project comprises of four components. The first component, infrastructure and institutional strengthening for sustainable marine protected areas management will strengthen ecosystem-based and participative management of about 20 marine protected area (MPAs) and selected coral reef associated fisheries within three target fishery management area (WPPs). It consists of following sub-components: (i) infrastructure and capacity building for marine protected areas management; and (ii) infrastructure and capacity building for coral reef fisheries management. The second component, expanding economic opportunities in and around MPAs will enhance the values, and benefits that local communities capture from marine resources in and around MPAs by taking a multipronged approach to improving access to economic opportunities, especially in the tourism, fishery, and aquaculture sectors. It consists of following sub-components: (i) infrastructure for sustainable economic development in and around MPAs; and (ii) sustainable business development and financial access in and around MPAs. The third component, sustainable financing for MPA and livelihoods will improve the government’s policy framework and capacity to mobilize long-term blue financing. It consists of following sub-components: (i) strengthening the enabling environment and policy framework for blue finance; and (ii) development of long-term investment strategies for priority blue economy sectors. The fourth component, project management will support project management and coordination in accordance with operational, fiduciary, and environmental and social risk management requirements. It consists of following sub-components: (i) led by Ministry of...