This document contains the report of the fifth meeting of the Regional Commission for Fisheries (RECOFI) Working Group of Fisheries Management (WGFM). The WGFM addressed and made decisions on matters concerning relevant follow-up to the sixth session of RECOFI and the fourth session of the RECOFI WGFM. The Working Group also considered and made decisions on matters concerning the Programme of Work and Budget for the 2011-12 biennium for the WGFM including a review of the regional strategy and priorities for regional fisheries management.