Climate Change Impact and Structural Reforms in Kiribati slide image

Climate Change Impact and Structural Reforms in Kiribati

KIRIBATI enhanced fishing areas, as the transition from an MPA to an MSP approach can be a complex process, as outlined in the previous section. E. Conclusions and Policy Recommendations 22. The fisheries sector sustainability is key for Kiribati's future and so far, appears to have been well managed. Kiribati depends on tuna fisheries for its development, as the sector is the main engine of economic growth. Existing studies for the broader WCP area point to a decline of tuna sustainability metrics since the 1970s due to more intense exploitation, but the depletion rates remain above critical thresholds. Regional agencies have raised concerns about gaps and weaknesses in WCP fishery management and conservation measures, particularly on the high seas. Specifically for Kiribati, increases in the FIB indices suggest that tuna stocks expanded, and while biomass increased over the years (as fisheries expanded geographically), only for the Gilbert Islands, there is some evidence of overexploitation to date, likely reflecting fishing-down closer inshore. 23. The government should maintain conservation efforts by adopting a robust MSP approach. The MSP is expected to balance social, environmental and economic objectives that have been specified through a political process (Unesco, 2017). The Kiribati authorities and other stakeholders should agree on the underlying scientific evidence and assess how the transition from the fully protected regime of the PIPA to the MSP will affect biodiversity and Kiribati's fishery revenues. In general, moving to an MSP framework requires many steps and takes time, to properly define the principles, goals and objectives, monitor and evaluate, regulate/enforce, and assess contingency plans (Unesco/European Comission, 2021). Hence, until the MSP plan is released and transparently discussed, Kiribati's adoption of an MSP approach to manage fishery stocks around the Phoenix Islands has uncertainties about biodiversity, sustainability of ecosystems, cooperation with third countries and the likely impact on Kiribati's VDS fishing days allocation. Effective coordination between all ministries and with external stakeholders (e.g., community-based management plans to restrict certain fish catch) will be essential to manage well the trade-off between sustainability and fisheries revenue growth. 52 INTERNATIONAL MONETARY FUND
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