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...

The Government of Solomon Islands has exchanged notes and signed two grant agreements with the Government of Japan under the Economic and Social Development Programme, supporting key projects in waste management and forestry. Minister for Foreign Affairs and External Trade Peter Shanel Agovaka signed the agreements with the chargé d’affaires of the Emb...

The Solomon Islands' Ministry of Provincial Government and Institutional Strengthening (MPGIS) hosted a week‑long peer learning exchange with a high‑level delegation from Vanuatu’s Department of Local Authority, strengthening regional collaboration on decentralisation, risk‑informed development, and performance‑based provincial financing under Solomon Isl...

The Asian Development Bank (ADB) has appointed Azusa Sato as Regional Director of its Pacific Subregional Office, based in Suva, Fiji. Sato will continue to develop ADB’s strong client relationships and manage seven offices in the Cook Islands, Fiji, Kiribati, Niue, Samoa, Tonga, and Tuvalu. She will lead engagement with member countries and partners a...

Fiji is intensifying efforts to address the global biodiversity finance gap, estimated at an alarming US$700 billion annually, as the country works to align national financing systems with international biodiversity targets under the Kunming–Montreal Global Biodiversity Framework (GBF). According to the Little Book on Investing in Nature, meeting the G...

The Pacific’s collective effort to strengthen ocean resilience and community well-being has been bolstered through the launch of the Pacific Ocean Initiative – Sustainable Protection and Management of Coastal and Marine Ecosystems for Community Resilience. The programme was formalised in December 2025 through a partnership between the Secretariat of the P...

Fiji reached a significant milestone with the official launch of the Fiji Green Finance Taxonomy, a framework designed to guide sustainable and climate-aligned investments. The Taxonomy was formally launched by the Minister for Finance, Commerce and Business Development, Esrom Immanuel, at the Reserve Bank of Fiji (RBF) in Suva. Developed under the ...

One year ago, Australia’s Minister for Climate Change Chris Bowen announced REnew Pacific at COP29: a $75 million Australian Government investment over five years, designed to expand clean, reliable energy access for remote off-grid communities across the Pacific and Timor-Leste. Building on successful pilots through the Business Partnerships Platform ...

The Solomon Islands government today launched the second phase of the Rural Sustainable Development Program (RSDP), in partnership with China and backed by a $10 million grant. The move reflects deepening ties between the two nations since their formal diplomatic alignment in 2019.  The program aims to boost social and economic development, improve liv...

The Government of the Cook Islands proudly announces that the Green Climate Fund (GCF) Board has approved the country’s second national funding proposal, titled “Direct Financing for Communities and Businesses to Respond to Climate Change in the Cook Islands.” This marks another major milestone, just 19 months after the approval of our first national G...

The Assistant Minister for Finance, Strategic Planning, National Development and Statistics Esrom Immanuel joined senior diplomats and international experts as a panelist at a high-level discussion on “Mobilizing Sustainable Finance in Caribbean and Pacific Developing States (SIDS).” In his remarks, Immanuel underscored the urgent need for innovative a...

In a landmark decision, the Climate Investment Funds (CIF) governing board approved Fiji’s US$27 million Nature, People, and Climate (NPC) Investment Plan, developed in partnership with the World Bank. The plan adopts a “mountain-to-ocean” approach to strengthen climate resilience across watersheds, coastal zones, and marine ecosystems. It is expected ...

The Government of New Caledonia has formalised the second phase of its state-guaranteed loan (PGE), following authorisation by the Congress on October 9. The agreement was signed on October 14 by Government President Alcide Ponga, High Commissioner of the Republic Jacques Billant, and the Regional Director of the French Development Agency (AFD) Safia Ibra...

Deputy Prime Minister and Minister for Finance Biman Prasad met with Coalition for Disaster Resilient Infrastructure (CDRI) Global Director Ramesh Subramaniam on the sidelines of the 2025 IMF–World Bank Annual Meetings. The discussion focused on Fiji’s leadership in disaster risk financing and infrastructure resilience across the Pacific, following the...

Economic growth in the Pacific is expected to pick up next year, buoyed by strong resource output in Papua New Guinea (PNG), according to the Asian Development Outlook (ADO) September 2025, released Monday by the Asian Development Bank (ADB). The report projects Pacific economies to expand by 4.1 percent in 2025, before moderating to 3.4 percent in 202...

Acting Prime Minister and Minister for Finance Biman Prasad on Wednesday received the transfer of $146 million in profits from the Reserve Bank of Fiji, together with the presentation of the Bank’s audited financial statements for the year ending 31 July 2025. Speaking at the handover, Prasad congratulated the Bank on achieving another record result. ...