A delegation from the Islamic Development Bank (ISDB) recently visited fishing vessels equipped with advanced Refrigerated Sea Water (RSW) systems, which enhance the storage and preservation of fish.
Key Highlights:
- Objective and Collaboration:
- The visit underscores the ISDB’s support for the Ministry of Fisheries and Ocean Resources in advancing sustainable fisheries practices.
- The initiative represents a collaboration between the ISDB, the Ministry, and local stakeholders to modernize the fishing industry.
- Innovative Integration:
- Fishing vessels are now equipped with RSW systems for improved fish preservation.
- Solar photovoltaic (PV) systems have been installed to power the cooling systems, aligning with the Ministry’s sustainability goals.
- Financial Support:
- The project, backed by the ISDB and the Lives and Livelihoods Fund (LLF), has allocated up to MVR 2 million for RSW and solar PV system implementation.
- Funds will be repaid over 10 years, ensuring financial sustainability.
- Stakeholder Engagement:
- ISDB representatives, Ministry officials, and boat owners participating in the initial phase of the project discussed its progress.
- Minister Ahmed Shiyam met with ISDB’s Regional Hub Manager, Muhammad Nassis Bin Sulaiman, and other senior ISDB members to assess the RSW financing project.
- Commitment to Fishermen:
- The initiative addresses challenges faced by fishermen, such as ice procurement and maintaining catch quality.
- Minister Shiyam expressed gratitude for ISDB and LLF’s continued support in improving livelihoods and advancing sustainable solutions in the fisheries sector.
The ISDB’s involvement demonstrates its commitment to fostering innovation and sustainability in the Maldives’ fisheries industry, paving the way for a more resilient and environmentally friendly future.
