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The Peruvian government has established the first Peruvian Observatory to regulate its fishing industry. The observatory would be operated by universities Cayetano Heredia and del Pacifico, The Nature Conservancy (TNC), WWF and the Instituto del Mar Peruano (IMARPE). The observatory aims to implement a monitoring system that will strengthen and complement the technical capabilities of the government to ensure sustainable management of anchovy stocks. The observatory would provide free access to fisheries data for the scientific community and the general public and would facilitate the implementation and enforcement of the "maximum established catch per boat" set previously by the government. Furthermore, it will help to assess the potential impacts of industrial fisheries and recommend best practices to strengthen the sector and improve fisheries management, ensuring the resilience of the anchovy population and the sustainability of the marine ecosystem of Peru.

Peruvian anchovy (Engraulis ringens) fisheries contribute 10 percent of the total fish catch in the world. Anchovies are a major Peruvian export, reaching more than US$ 1.7 billion in 2008, equivalent to 70 percent of national fish exports for the entire country. As part of the project, an online platform will be designed for providing accurate technical information on the implementation of quotas, seasons and other aspects relevant for eventual certification of Peruvian anchovy fishery by the Marine Stewardship Council (MSC).

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