The Pacific Resilience Facility (PRF) has secured an initial contribution of 417 million Japanese Yen (approximately $3 million) from Japan, marking a significant milestone for the Pacific-owned and led regional resilience financing facility.
The announcement was made in Tokyo by Pacific Islands Forum (PIF) Secretary General Baron Divavesi Waqa and Japan’s Foreign Minister Iwaya Takeshi.
“The PRF is a critical initiative, designed by the Pacific for the Pacific, to address the exacerbated challenges of climate change and natural disasters for our communities,” Waqa said.
Japan’s contribution highlights its commitment to strengthening the climate and disaster resilience of vulnerable grassroots communities across Forum Island Countries.
“The capitalisation contribution from Japan will also be the first to be paid to the PRF and demonstrates the strength of our partnership,” Waqa added.
The PRF is the first international financial institution collectively owned by Pacific Islands Forum member governments, dedicated to providing small-scale grant financing for Pacific communities.
The PRF Treaty is scheduled to be signed at the 54th Pacific Island Forum Leaders Meeting in the Solomon Islands in September 2025, with legal establishment by the end of 2025 and grant disbursements expected to commence by the end of 2026.
This funding milestone advances the Forum’s 2050 Strategy for the Blue Pacific Continent, reflecting a collective vision for a secure and resilient Pacific.
