The Asian Development Bank (ADB) committed $679.8m to its Pacific developing member countries in 2025, including $214.4m in grants from the Asian Development Fund, according to its Annual Report 2025 released today. The report outlines the bank’s operational, institutional and financial performance over the year, with a focus on economic sustainability...

The Fiji Development Bank is refining its lending strategy, placing greater emphasis on financing projects that deliver measurable economic impact across key sectors. Recent activity highlights a shift toward more targeted lending, with the bank assessing new financing proposals linked to business expansion and productive investments, according to an u...

Construction of the Aviation Complex Building at Henderson has reached a key milestone, as the Ministry of Communication and Aviation progresses works under the World Bank-funded Second Solomon Islands Roads and Aviation Project (SIRAP 2). The project has completed first-floor slab and beam concrete works, marking a significant step in the development ...

The Solomon Islands government has taken a significant step towards strengthening ocean conservation and management, formally convening the Ocean12 Technical Working Group to drive a five-year integrated initiative supported by the Bezos Earth Fund. The working group, led by the Ministry of Environment, Climate Change, Disaster Management and Meteorolo...

The Pacific Islands Forum Secretariat and the World Bank are accelerating efforts to stabilise correspondent banking relationships (CBRs) across the Pacific, as a multi-year regional project begins to deliver early results amid persistent global financial pressures. The initiative—formally approved in August 2024 and operational since April 2025—marks ...

The Autonomous Bougainville Government (ABG) is advancing the rollout of its Integrated Financial Management Information System (IFMIS), with a focus on building in-house capability through a Training of Trainers programme. The initiative, led by the Department of Treasury and Finance, forms part of the government’s broader push to strengthen public fi...

The Office of the Prime Minister has established a Cryptocurrency Advisory Working Group to assess policy and legislative options for addressing international cybercrime, including ransomware, while safeguarding the country’s financial stability and international obligations. Formed in partnership with the Financial Intelligence Unit, the new body will...

The Government for National Unity and Transformation (GNUT) has reaffirmed its national development priorities during a bilateral meeting with the Asian Development Bank (ADB) on the margins of the Pacific Agenda Summit in Honolulu. Minister of Finance and Treasury Rexson Ramofafia and Minister for National Planning and Aid Coordination Trevor Manemaha...

The Asian Development Bank and the Pacific Islands Forum have signed a partnership agreement aimed at strengthening regional cooperation and accelerating climate and development initiatives across the Pacific. ADB President Masato Kanda and Pacific Islands Forum Secretary-General Baron Waqa formalised the agreement on Thursday, setting out a framework ...

Asian Development Bank (ADB) President Masato Kanda and Fiji Prime Minister Sitiveni Rabuka on 20 February officially opened ADB’s expanded Pacific Subregional Office in Suva. The inauguration followed talks earlier in the day between the two leaders on advancing ADB’s support for Fiji’s inclusive economic growth and reinforcing Fiji’s role as a regional ...

Japan has formalized a new grant of 313 million yen (approximately FJ$4.6 million) to Fiji through the Ministry of Health and Medical Services, aimed at procuring medical equipment under Japan’s Economic Social Development Program (ESDP). The announcement was made during the Exchange of Notes and Grant Agreement ceremony, which highlighted the ongoing ...

Prime Minister Jeremiah Manele today welcomed the first-ever Country Director of the Asian Development Bank (ADB) for Solomon Islands, Anthony Gill, during a courtesy visit at the Office of the Prime Minister and Cabinet. Gill briefed the Prime Minister on preparations for the official opening of ADB’s Solomon Islands office next Tuesday, which will be...

The Solomon Islands, through the Ministry of Agriculture and Livestock Development, has reaffirmed its strong partnership with the International Fund for Agricultural Development (IFAD), highlighting agriculture as the backbone of food security, economic growth and national stability. Speaking at the 49th Session of the Governing Council of IFAD during...

In a move to strengthen local resilience, the Ministry of Finance and Economic Development on 28 January officially launched Phase 2 of the UNDP-Gov4Res Small Grants Initiative, with financial support from the New Zealand government. Under the initiative, three civil society organisations were each awarded US$13,300 to implement community-based project...

The Pacific Sustainable Development Initiative (PSDI) Financing Growth team visited Fiji to assist the Government of Fiji in implementing the Access to Business Funding (A2BF) Act 2025, a groundbreaking legislative framework designed to facilitate innovative financing mechanisms including small offers, peer-to-peer (P2P) lending, and crowdfunding. A si...

Road upgrade works in parts of Fiji are being supported through climate finance secured under the Duavata Partnership between the Governments of Fiji and New Zealand. In November 2023, Fiji and New Zealand signed the Country Flexible Finance Partnership Arrangement, providing FJD 27.6 million in budget support for climate-principal projects. These proj...