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Revitalization of the Sponging Industry
The objective of the project is to assist the spongers in The Bahamas to increase their global market share through the following activities i) surveying the current state of the Bahamian sponge industry to look at the sustainability and capacity of the natural resource. ii) Investigating avenues of sustainable growth of the industry for sponge farming and expanded use of the total sponge. iii) Educating and training the spongers in methods to grow their sponging businesses which will involve technical and business training. iv) Marketing and promotion of the Bahamian Sponging industry both locally and internationally to maximize the opportunities for job creation and increased income. v) Strengthening of the Fisheries Alliance Association to develop among the members high standards of conduct, practice and responsibility in the pursuit of their trade

Project Detail

Country

Bahamas

Project Number

BH-M1013

Approval Date

December 15, 2015

Project Status

Closed

Project Type

Technical Cooperation

Sector

AGRICULTURE AND RURAL DEVELOPMENT

Subsector

AGRIBUSINESS

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,118,150.00

Country Counterpart Financing

USD 582,700.00

Original Amount Approved

USD 535,450.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-15441-BH Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-15441-BH
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-940997999-3
Donors Memorandum
BH-M1013 - Memorando a los donantes.PDF
Nov. 03, 2020
English
https://www.iadb.org/document.cfm?id=EZSHARE-940997999-4
Donors Memorandum
BH-M1013 - Donors Memorandum.PDF
Nov. 03, 2020
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-32146
Technical Cooperation Agreement
Bahamas_ Nonreimbursable Technical Cooperation ATN_ME-15441-BH Revitalization of the Sponging IndustryBahamas_ N [40041928].PDF
Jan. 05, 2016
English
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-32147
Technical Cooperation Agreement
Bahamas_ Cooperación Técnica No Reembolsable ATN_ME-1544-BHRevitalización de la Industria de la Esponja [40041931].PDF
Jan. 05, 2016
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-864133431-33322
Procurement Plan
Procurement Plan [39986891].xlsx
Dec. 31, 1899
English
https://www.iadb.org/document.cfm?id=EZSHARE-864133431-33321
Donors Memorandum
BH-M1013 Donors Memorandum [39793062].docx
Nov. 17, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-1956039343-3
Project Performance Monitoring Reports
MIF_ PSRDef ATN_ME-15441-BH - Rep6415.pdf
Jun. 30, 2017
English
https://www.iadb.org/document.cfm?id=EZSHARE-1956039343-4
Project Performance Monitoring Reports
MIF Project Status Report-6-2017-ATN_ME-15441-BH - Rep6717.pdf
Jul. 03, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1956039343-5
Project Performance Monitoring Reports
MIF Project Status Report-12-2017-ATN_ME-15441-BH - Rep7024.pdf
Oct. 23, 2018
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-864133431-33320
Multilateral Investment Fund Abstract
Revitalization of the Sponge Industry [39673139].docx
Aug. 03, 2015
English

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