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Innovations for investment: financing small-scale fisheries in Thailand












Gietzen, T., van Anrooy, R. & Das, P.K. 2023. Innovations for investment: financing small-scale fisheries in Thailand. FAO Fisheries and Aquaculture Circular No. 1246. Rome, FAO.




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    Assessment of fisheries innovations for investment and financing in Kenya 2022
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    To make small-scale fisheries in Kenya more sustainable, fishers need to invest in responsible fishing operations and technologies, reduce overfishing, contribute to fisheries management, and implement climate change adaptation measures. Small-scale fishers often do not have access to financial services to innovate and to make the necessary transition to sustainable fishing operations. Access to financial services will help them to innovate and adopt measures that will provide social, economic and environmental returns, the desired triple bottom line. The African Rural and Agricultural Credit Association (AFRACA) and FAO, in collaboration with the State Department for Fisheries, Aquaculture and the Blue Economy in Kenya, implemented a project to analyse and improve the access of small-scale fishers to financial services in Kenya. The project identified the key finance- and fisheries sector stakeholders, carried out surveys and interviews, and conducted a techno-economic performance analysis of some small-scale fishing fleets, to investigate the potential innovations for investment. A two-day stakeholder workshop was held in 2021, in which the participants agreed to constitute a CAFI-SSF Network Kenyan Chapter. AFRACA developed and tested training materials on lending to the fisheries sector for financial service providers. This circular provides a summary of the project achievements.
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    Report of the Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia, Bangkok, Thailand, 7-9 May 2019
    Bangkok, Thailand, 7-9 May 2019
    2019
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    The Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia was held in Bangkok, Thailand in the period 7-9 May 2019. Rural finance, insurance and fisheries experts from Bangladesh, China, India, Indonesia, Japan, Philippines, Thailand, UK, Canada and the USA met to discuss ways to improve the access to financial services for small-scale fishers in Asia. The workshop aimed to discuss successful finance and insurance programmes in Asia for small-scale fishers, finalize practical guidelines in support of better access to financial services, and design a capacity building programme for increasing the provision of finance and insurance services to small-scale fisheries. The workshop was attended by 32 experts and was organized by the Asia-Pacific Rural and Agricultural Credit Association (APRACA) in close collaboration with FAO. The insurance and credit guidelines prepared will facilitate the implementation of the Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries in the Context of Poverty Eradication and Food Security (SSF Guidelines), as well as contribute towards achievement of Sustainable Development Goal 14. Access to finance and insurance services will enable the small-scale fishers to invest in more responsible fishing operations and technologies, reduce overfishing, contribute to fisheries management and implement climate change adaptation measures. The micro-finance, credit and insurance guidelines for small-scale fisheries have been endorsed by APRACA members in June 2019, and implementation throughout the Asian region is promoted.
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    Assessment of the sustainability of fishing technologies and operations in Thailand: Options for innovation 2023
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    To make small-scale fisheries in Thailand more sustainable, fishers need to invest in responsible fishing operations and technologies, reduce overfishing, contribute to fisheries management, and implement climate change adaptation measures. The Southeast Asian Fisheries Development Center and FAO carried out an assessment of the sustainability of currently used fishing technologies and operations in Thailand, to identify options for innovation and improvements. This circular provides information on the current technological status of the Thai fishing fleets, the costs of fishing operations, the management of the main fisheries, and on the status of the main marine fisheries resources targeted by the various fishing fleets. Options for introducing technological innovations for fishing vessels include the reconfiguration of the hull by installing a bulbous bow, stabilizing fins, duct propellors and wave resistance reduction measures. On-board equipment innovations identified include hydraulic hauling systems, power blocks, refrigeration systems, fuel flow monitoring systems, solar panels, and LED lights. To improve safety, vessel owners are recommended to provide lifesaving equipment, radio communications and firefighting equipment, first aid kits, cooking and sanitation facilities, emergency stops on winches and hauling devices, lightning conductors, and distress signal devices. Fishing gear innovations such as circle hooks, low-resistance gears, turtle excluder devices, juvenile and trash excluder devices, and fish aggregating devices are also important innovations for fishing vessel owners to consider. This circular gives fishing vessel owners and financial service providers in Thailand insights in the innovations available, to make better informed fisheries investment decisions.

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