The Forum Economic Ministers Meeting (FEMM) in the next two days will discuss the revamp of the Pacific Resilience Facility(PRF).
This was confirmed by Forum Secretary General Henry Puna in his opening remarks at the opening of the FEMM meeting in Suva.
“Amongst your considerations today will be the re-design of the Pacific Resilience Facility. This is an initiative that has been regionally led and developed. It is an instrument by the Pacific and for the Pacific.
“I call on us all, collectively, to progress robust discussions on this proposal over the next two days with a view to ensuring that we are able to take a final product to our Forum Leaders for their consideration and endorsement when they meet in Rarotonga in November.
“That said, I encourage open and constructive dialogue. Let us leverage our diversity and shared values to find common ground and collaborate effectively. Together, we can we develop innovative and impactful solutions to the challenges before us,” said SG Puna.
The design of the Pacific Resilience Facility was influenced by two compelling issues– the need to address extreme vulnerability of Pacific peoples caught in the climate emergency, and the burden of debt distress faced by Forum Islands members.
Puna also acknowledge the strong support of our member countries, development partners, and international organisations for their unwavering support in advancing our collective priorities.
He said 26th Economic Ministers Meeting is testament to their commitment to collective action and regional solidarity.
SOURCE: PACNEWS
