Pacific Islands Forum members are advancing the development of the Pacific Resilience Facility (PRF), a significant step taken following the signing of the Agreement to Establish the Facility at the 54th Pacific Islands Forum Leaders Meeting in Solomon Islands in 2025. This groundbreaking initiative, endorsed by Forum Leaders, is hailed as the first Pacific-led, Pacific-owned, and Pacific-managed regional financing facility designed specifically to enhance climate and disaster resilience for communities within the Pacific most vulnerable to climate change.
Uniquely, the PRF is recognized as the first international financial institution to be collectively owned by the member governments of the Pacific Islands Forum. This innovative approach signifies a strategic move towards fostering resilience against climate adversities in a region facing increasing ecological challenges.
Currently, senior officials from Forum member countries are convening in Fiji for the inaugural PRF programming co-design workshop. This meeting marks the beginning of a series of consultations aimed at shaping the operational modalities and implementation pathways of the Facility. The co-design process will initially involve member governments and will incorporate input from regional and national stakeholders, reinforcing the PRF’s dedication to developing inclusive solutions driven by Pacific priorities and lived experiences.
Following this programming workshop, a PRF Legal and Financial Rules Workshop is scheduled, as member countries continue their efforts to operationalize this vital Facility. The collaborative action undertaken by the Pacific Islands Forum showcases a determination to address climate change and build a more resilient future for the Pacific Islands through unity and shared governance.