The Asian Development Bank has approved a new rapid-response financing project for Vanuatu, giving the Pacific island nation faster access to funds following disasters and other major emergencies. The Vanuatu Rapid Response Contingent Project is the first project approved under ADB’s Rapid Resource Reprogramming and Deployment Option (3RDO), a region-w...

Fiji Development Bank staff are taking part in an international peer-to-peer learning exchange in Thailand aimed at strengthening approaches to agricultural, rural and climate finance. The exchange, running from Aug. 17 to 21, brings FDB staff together with the Bank for Agriculture and Agricultural Cooperatives (BAAC) in Thailand. The programme is faci...

Fiji’s Ministry of Tourism and Civil Aviation has opened applications for a pilot fund aimed at helping locally owned micro and small tourism businesses expand and diversify their products and services. Applications for the Pilot Tourism Micro and Small Enterprise Fund for the 2026-27 financial year opened Wednesday and will remain open until Sept. 30,...

Fiji has launched its first climate risk insurance product designed specifically for micro, small and medium enterprises (MSMEs), offering businesses rapid financial assistance after cyclones and floods through automatic payouts triggered by predefined weather conditions. The product, unveiled by Minister for Commerce and Business Development Esrom Imm...

The Fijian government, together with the International Fund for Agricultural Development (IFAD) and the Global Environment Facility (GEF), has launched the Fiji Blue Economy and Green Community Development Programme (BE-GREEN), a $24.26 million initiative aimed at transforming rural livelihoods while restoring ecosystems on Vanua Levu. The multi-phased...

Solomon Islands has strengthened its partnership with Japan after signing a Development Policy Loan agreement with the Japan International Cooperation Agency (JICA) aimed at supporting fiscal stability, governance reforms and long-term economic resilience. The agreement was signed in Tokyo by Minister for Foreign Affairs and External Trade Rick Houenip...

The Solomon Islands government has signed contracts with 83 companies under its Preferred Supplier Arrangement (PSA), clearing the way for the full implementation of the 2026 Constituency Development Fund (CDF) programme. The Ministry of Rural Development (MRD) said the legally binding agreements followed the completion of the government's supplier qua...

Senior officials from Pacific Islands Forum (PIF) member countries, regional organisations and development partners have gathered in Nadi this week to strengthen regional access to climate finance and develop a pipeline of investment-ready projects ahead of the inaugural Pacific Climate Finance Investment Forum in 2027. The three-day Climate Finance Ac...

The Fiji government has defended its borrowing programme, arguing that public debt is being used primarily to finance long-term infrastructure projects that will strengthen economic growth and improve productivity rather than fund day-to-day government expenditure. Responding to public debate over the country's fiscal position following the release of ...

The Fijian government is stepping up efforts to revitalise the country's cooperative sector through the restoration of its historic Cooperative Training College, positioning the institution as a key driver of rural economic development and leadership training. The initiative was highlighted during National Cooperative Day celebrations this week, when P...

Fiji is stepping up efforts to strengthen its micro, small and medium enterprise (MSME) sector through policy reforms, digital services, and expanded financing initiatives aimed at increasing the sector's contribution to the national economy. Marking MSME Day 2026 on June 27, the Ministry of Commerce and Business Development reaffirmed the government's...

The Asian Development Bank (ADB) has approved a $10 million grant facility aimed at strengthening project delivery, boosting resilience to environmental and disaster risks, supporting private sector development and accelerating sustainable economic growth in Vanuatu. The financing will establish the Vanuatu Sustainable Economic Transformation Facility,...

Fiji is moving forward with plans to establish its first peer-to-peer lending platform as part of broader efforts to expand access to finance for micro, small and medium enterprises and support the growth of alternative funding markets. The initiative forms part of the implementation of the Access to Business Funding Act 2025, which introduced new fina...

The International Fund for Agricultural Development (IFAD) has recently launched a new regional strategy aimed at addressing rural poverty, food insecurity, climate vulnerability and geographic isolation across 13 Pacific Island countries over the next eight years. The Pacific Islands Regional Strategic Opportunities Programme (RESOP) 2025–2033 was unv...

Solomon Islands Prime Minister Mathew Wale and Australian Prime Minister Anthony Albanese have announced plans to negotiate a comprehensive treaty aimed at strengthening bilateral ties and setting a long-term framework for cooperation between the two countries. The announcement was made during a joint press conference in Canberra, where the leaders rea...

New Caledonia has signed the third tranche of a French state-guaranteed loan as part of a broader economic and social restructuring package aimed at restoring public finances and supporting essential services. The agreement was signed on May 29 by French High Commissioner Jacques Billant and New Caledonia government member in charge of the economy and ...