Diversity, challenges, and opportunities of Fishery Improvement Projects in the Latin America and the Caribbean region

Abstract

Fishery Improvement Projects (FIPs) have become a popular tool to drive sustainable management among fisheries. FIPs, guided by a private sector-led governance structure motivated by market-driven incentives, aim to reduce environmental impacts in fisheries, using the Marine Stewardship Council (MSC) fishery standard as a guide. The Latin America and Caribbean (LAC) region is a FIPs global hotspot. This study provides a comprehensive analysis of FIPs in the LAC region and highlights their potential and limitations in driving fisheries toward sustainability. We used information from the FisheryProgress website to analyze the main characteristics, and challenges concerning the MSC fishery standard, as well as actions, and outputs taken by FIPs. FIPs in this region are diverse, and face similar challenges related to defining stock status, establishing harvest strategies and control rules, and implementing fishery-specific management given limited fisheries information. Data collection and engagement through meetings to modify fishing practices and policies were the most employed actions to address these challenges. Although many FIPs are ongoing, improvements are evident as FIPs advance to later stages. Overall, FIPs are seen as a multi-stakeholder tool that encourages fisheries to enhance their environmental performance in pursuit of sustainability. However, more time is required to ascertain the true extent of their impact. This research offers insights into the main challenges and strategies when implementing FIPs in LAC. Our results should, be valuable for stakeholders looking to support sustainable fisheries management through FIPs where fisheries conditions are similar.