Fiji, April 30 -- Fiji's Parliament has unanimously approved the ratification of the agreement to establish the Pacific Resilience Facility (PRF) Wednesday, marking a significant step toward strengthening regional climate and disaster financing.

Moving the motion, Minister for Justice and Acting Attorney-General Siromi Turaga said the PRF would serve as "a Pacific-led international financial institution that will provide grant-based financing to support climate change adaptation, disaster preparedness, and community resilience initiatives across the Pacific island countries."

He noted that the facility responds to long-standing barriers faced by Pacific nations in accessing global climate finance, describing it as "the first Pacific-own...