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...

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 ...