Pacific Islands Forum members have embarked on an important phase of development for the Pacific Resilience Facility (PRF), following the signing of the agreement that established the facility during the 54th Pacific Islands Forum Leaders Meeting in Solomon Islands in 2025. The PRF represents a significant milestone as it is the first Pacific-led, Pacific-owned, and Pacific-managed regional financing initiative specifically aimed at enhancing climate and disaster resilience for communities in the region that are particularly vulnerable to the effects of climate change.
Endorsed by Forum Leaders, the PRF is notable as the first financial institution within the region to be collectively owned by the governments of Pacific Islands Forum member nations. This pioneering approach emphasizes local control over resources aimed at bolstering resilience against climate challenges.
This week, senior officials from the member countries are convening in Fiji for the inaugural co-design workshop focused on the PRF programming. This meeting initiates a vital series of consultations intended to refine the operational framework and implementation processes of the facility.
The co-design process will start with engagement from Forum member governments, and will further extend to include stakeholders from both regional and national levels. This approach underlines the PRF’s dedication to developing inclusive, Pacific-driven solutions that reflect regional priorities and the lived experiences of the communities served. Following the programming workshop, a Legal and Financial Rules Workshop will take place, allowing members to continue their efforts in operationalizing the facility.
The establishment and ongoing development of the PRF is expected to foster resilience and adaptation strategies that could significantly benefit the Pacific Islands’ communities, positioning them to better navigate the challenges posed by climate change while encouraging local empowerment and collaboration.
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