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 ...

The government of New Caledonia and the French Development Agency have signed an agreement to finance a strategic study aimed at strengthening and structuring the territory’s social and solidarity economy sector following economic disruption linked to the May 2024 unrest. The initiative was presented by Naïa Wateou alongside representatives of the Fren...

The Tuvalu Fisheries Authority (TFA) has secured NZ$10.9 million in grant funding from New Zealand to advance the third phase of its national fisheries support programme, in a move aimed at strengthening sustainable resource management and boosting economic returns. The five-year agreement, signed with New Zealand’s Ministry of Foreign Affairs and Trad...

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...