The CBCRM festival brings together practitioners and advocates from various countries including the Philippines to celebrate and reflect on the gains and challenges of the CBCRM movement. The festival’s sub-themes discussed in this volume are to celebrate CBCRM’s ten years, the state-of-the art in CBCRM and identification of and unity as to the challenges and ways forward. Community based organizations’ reflections on the CBRCRM provides a ground-level view of happenings while two papers look at the trends, outcomes and impacts of CBCRM as well as the evaluation of the process by Oxfam GB. Grassroots perspectives of the fisheries code and the related policy challenges in CBCRM is the subject of a third paper while another one revisits the theory and practice of CBCRM in the Philippines. Overall synthesis looks at gains in different areas such as socio-cultural aspects, governance, ecological/biophysical, and social energy. Power, participation and institutions, conflict management models and mechanisms, sustainable livelihoods, gender and other topics were discussed in the challenges in the CBCRM processes.