Fiji, Aug. 31 -- The Pacific Resilience Facility (PRF) has moved into its operational phase after its treaty entered into force, with Pacific countries now focused on collecting US$173 million already pledged and raising a further US$327 million.
Finau Soqo, General Manager of the Pacific Resilience Facility, told the Pacific Media Workshop in Palau that the facility had reached a major milestone following the ratification of the PRF Treaty.
The treaty was ratified on 06 May this year after Australia and Fiji deposited their instruments of ratification, allowing the regional facility to become a legal entity.
Soqo said 14 of the 15 original signatories had now ratified the treaty.
"This is a huge milestone for us, especially for those w...