# Liberia fisheries sector development initiatives > Developing situation record from CLSTR: https://clstr.news/situations/liberia-fisheries-sector-development-initiatives > Updated: 2026-11-03T05:22:00.000Z. Sources: 3. Developments: 2. Liberia is implementing several projects to modernize its fisheries sector and support local industry participants. In late October 2026, the National Fisheries and Aquaculture Authority (NaFAA) secured a US$325,000 grant from the Food and Agriculture Organization of the United Nations (FAO). This funding is designated for the construction of a modern fish market in Congo Town, Monrovia. The facility is intended to include a 20-ton cold room, energy-efficient power systems, and refrigerated motorbikes to reduce spoilage and improve food safety. The project also includes support for the University of Liberia to develop fisheries curriculum and training modules. Additionally, a US$2 million grant supported by the World Bank is being utilized through the Liberia Sustainable Management of Fisheries Project (LSMFP). Implemented by Conservation International with technical support from NaFAA, this initiative focuses on increasing the participation of women in the fisheries sector. The project benefits businesses in Robertsport, Grand Cape Mount County, and Buchanan, Grand Bassa County, aiming to build capacity for women to expand their operations within the industry. ## Timeline ### 2026-11-03: World Bank grant supports women in Liberia’s fishing industry A 2 million US dollar World Bank-supported grant is enhancing women's participation in Liberia's fisheries sector through the Liberia Sustainable Management of Fisheries Project. 2 sources. https://clstr.news/cluster/world-bank-grant-supports-women-in-liberias-fishing-industry ### 2026-10-29: Liberia's NaFAA receives US$325,000 FAO grant for fish market Liberia's NaFAA has obtained a US$325,000 FAO grant to build a modern fish market in Monrovia, featuring cold storage and refrigerated delivery to reduce spoilage and improve food safety. 2 sources. https://clstr.news/cluster/liberias-nafaa-receives-us325000-fao-grant-for-fish-market --- Cite as: Liberia fisheries sector development initiatives. CLSTR, https://clstr.news/situations/liberia-fisheries-sector-development-initiatives