The objective of this project is to design a cost-effective, scientifically researched and participatory 'incentive-based' hilsa fishery management mechanism for Myanmar. The project will employ the ecosystem-based approach (EbA) in its information gathering, analysis, decision-making and management objectives.
- Understanding the biology and ecology of the hilsa fishery to determine a no-take season and zone for hilsa fishing.
- Understanding the complex socioeconomics of hilsa fishing: conduct a large-scale household questionnaire survey to map livelihood options in fisher communities affected by fishing restrictions and determine the level of incentive packages required to offset the short-term cost (opportunity cost) of abiding by fishing regulations.
- Making a business case for investment in hilsa management: to make a compelling business case as to why the government and the private sector should make sufficient investments to restore the fishery, we will estimate the economic value of the hilsa fishery.
- Developing a sustainable financing mechanism: to ensure fishers do not return to unsustainable practices.
- Transboundary learning: hilsa is a resource shared between Myanmar and Bangladesh, making transboundary learning and cooperation crucial.