NUKU’ALOFA, TONGA — Momentum is building for the Pacific Resilience Facility (PRF) ahead of the signing of the PRF Treaty by Forum Leaders at the 54th Pacific Islands Forum Leaders Meeting (54PIFLM) on 10 September in Honiara, Solomon Islands.
Following the endorsement of the PRF Treaty at the Special Forum of Economic Ministers Meeting (FEMM) in Tonga in March, which endorsed the PRF Treaty for signing, the PRF’s global capitalisation advocacy has been gaining pace. From the OPEC Fund for International Development SIDS Summit in Vienna in May to the 3rd UN Ocean Conference (UNOC3) in Nice in June where France pledged EUR2 million to the PRF, the 4th UN Conference on Financing for Development (FFD4) in Seville in July to unlock climate financing capital for the Pacific’s first regional climate and disaster resilience financing facility, and to engaging with climate actors and partners at the Pacific Climate Change Roundtable (PCCR) in Samoa in August, the PRF has raised US$162 million in pledges to date.
Member engagement in the PRF has also ramped up as the PRF undertakes PRF Treaty Readiness missions around the Pacific, meeting with government officials and stakeholders in Papua New Guinea, the Solomon Islands, Tuvalu, Vanuatu, Tonga, and Nauru.
The PRF Treaty is earmarked to enter into force by March 2026, demonstrating the Forum Members’ commitment to making climate finance accessible to communities a reality. In preparation for this, once the PRF Treaty is signed, the PRF is undertaking programming co-design consultations with Members, CSOs, communities, the private sector, implementing partners and other stakeholders, starting with virtual consultations leading up to sub-regional cluster workshops scheduled to be held in the Marshall Islands, Tonga, Solomon Islands, and Kiribati in the fourth quarter of this year.
The Pacific’s message ‘1.5 to Stay Alive and Thrive’ is at the core of the PRF’s mandate, reflecting its $1.5 billion target to help secure a 1.5 °C world as articulated by Forum Leaders.
The PRF Treaty signing paves the way for the formal call for pledges to the PRF to reach its capitalisation target of US$500 million by the end of 2026. From Honiara, Forum Members will take safe carriage of the PRF to critical high-level global capitalisation advocacy platforms — the 80th session of the UN General Assembly (UNGA 80) in New York in September, to the 2025 Annual Meetings of the World Bank Group and the International Monetary Fund in Washington D.C. in October, and onto COP30 in Brazil in November. With operationalisation targeted for 2026, the PRF will play a crucial role in helping communities access climate finance, ensuring no one is left behind.
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