FishCoRe project advances—WB

The World Bank said its loan-funded Philippine Fisheries and Coastal Resiliency (FishCoRe) Project is making progress even as the Washington-based multilateral lender slightly downgraded the project’s overall implementation ratings.

- By BEN ARNOLD DE VERA

In a Sept. 5 implementation status and results report, the World Bank said FishCoRe’s overall implementation progress (IP) remained “moderately satisfactory,” even as the progress toward achieving its project development objective (PDO) is now a notch lower at “moderately satisfactory” from “satisfactory” previously.