In a powerful speech to fellow Pacific Finance Ministers, Tongan Prime Minister Dr. ʻAisake Eke highlighted the growing global uncertainty associated with the evolving U.S. policies under the Trump administration. Speaking at the Special Forum Economic Ministers Meeting (FEMM) in Nuku’alofa, he pointed out that Pacific Islands are at a pivotal moment, grappling with economic recovery compounded by climate change.
Dr. Eke underscored the “unprecedented challenges to the global economy,” stating, “With the new U.S. Administration, we have a new sheriff in town.” He warned that the climate of uncertainty is expected to intensify and called on ministers to prioritize three critical regional initiatives aimed at bolstering economic resilience and addressing climate change: the Pacific Roadmap for Economic Development (PRED), the Climate Finance Access and Mobilisation Strategy (CFAMS), and the Pacific Resilience Facility (PRF).
He noted the region’s ongoing recovery from COVID-19 is fragile, even as optimistic growth projections suggest a GDP increase of 4.0 percent by 2025—above pre-pandemic levels, according to the International Monetary Fund. However, Dr. Eke cautioned that external factors, such as trade disruptions and climate-related disasters, could pose substantial risks to this recovery.
During the conference, ministers from across the Pacific endorsed these initiatives aimed at fostering a framework for enhanced cooperation and resilience against climate adversity. The PRF specifically aims to create a Pacific-led financing mechanism focused on disaster preparedness, especially crucial after recent events like the 2022 volcanic eruption in Tonga and the recent earthquake in Vanuatu.
Dr. Eke’s plea for the endorsement of these initiatives demonstrates a strong commitment to collaborative approaches in challenging times. He emphasized, “We need to build and strengthen our communities to be resilient against the impacts of climate change and disasters.”
Despite the numerous obstacles ahead, the outlook remains hopeful. By fostering collaboration and utilizing regional strengths, Pacific nations can pave the way for a resilient and prosperous future for upcoming generations. The leaders’ conference scheduled for August 2025 will further cement these initiatives, reinforcing the collective goal of advancing regional integration and resilience amid a volatile global economic environment.
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