Jerry presented the progress of our community-based fishery management model at the recent South-East Asia and Pacific Regional Fisheries Summit in Indonesia. The Economist convened a group of investors, government representatives, non-profit organizations and multi-lateral agencies to discuss how to drive investment in sustainable fisheries.
The integrated fishery model quickly became a focal point in discussing how to increase investment in sustainable fisheries. “We need to find more Jerrys,” quipped Trip O’Shea, Vice President at New York Based social capital investor Encourage Capital. When asked about keys to attracting capital, Jerry explained a seafood company must first mitigate risk. “[We] work with the value chain. By understanding the whole value chain and working with the fishery itself, we start to distribute some of the rents from the value chain to fisheries, incenting them to follow sustainable practices.” At NAI-BSI, we believe long term sustainability begins with the coastal communities harvesting the fisheries.
With the successful fundraising through Aavishkaar at the end of 2015, we broke ground on the first of four fisheries management centers in March. The cement is being poured and the program is taking shape on the island of Sumbawa. The fisheries management center will include:
- Mini-plant for processing at the source
- Ice plant and cold storage
- Education center
- Technology center
- Fisheries governance office
- Micro bank
- Gear shop
The education center, technology center and fisheries governance office will be cooperatively developed with NGO collaborators.
Michael Arbuckle, former Senior Fisheries Specialist at the World Bank, will be advising on the project. He will initially focus efforts on engaging NGOs already working in Indonesia’s fisheries to identify project partners for the fisheries management centers.
Michael has been a major influence in the development of our community-based fisheries project. During his time at the World Bank and while working as General Manager of Fisheries Management at the New Zealand Ministry of Fisheries, Michael cemented his position as a global expert on rights-based fishery management. His work has taken him to a wide range of fisheries across many different regions, including the Middle East, coastal countries in northern Africa and nations along the Indian Ocean and the Pacific.
Arbuckle’s wealth of experience in artisanal fisheries throughout the world uniquely positions him to advise on development and implementation of the community-based fishery management model. We’re excited to welcome him to the NAI-BSI team.