No. The fish on his line is his bait. I am not a fisherman, but I do surmise that if he is using a bait fish of that size, he is looking to catch a much larger fish.
I asked him how the fishing was. He told me it was very good the day before I took this photo, but he had not yet had much luck this day. This fisherman is a Canadian who has a condo near the beach in Playa Langosta, where I took this photo. He said that he is building a house on the beach. That will make it easier for him to fish, and the fish will be even fresher to take time to cook.
We are showing photos of Papeete, Tahiti, this week on our Viva la Voyage travel photo site.