This document discusses the kraal fishery of Bolgoda Lake in Sri Lanka and strategies for its co-management. It first provides background on traditional and government-led fisheries management approaches and their limitations. It then describes the study site of Bolgoda Lake and the existing kraal fishery system. The study analyzed catch data from 10 kraals to determine how yield varies with factors like salinity, lunar cycle, depth and distance from sea. It found the yield is significantly affected by salinity and lunar cycle. Interviews assessed the current top-down management system's weaknesses. The document recommends a co-management strategy involving local fishers, authorities and other stakeholders to sustainably manage this important fishery