Development Partners Reaffirms Commitment to Strengthen Quality Infrastructure in the Pacific
At the PRIF Management Committee Meeting in Suva on September 25, 2024, the governments of Australia, New Zealand, and the United States, the European Investment Bank, the European Union, the Japan International Cooperation Agency, and the World Bank Group signed financing agreements to extend the Pacific Region Infrastructure Facility (PRIF) for an additional four years.
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PMC signing_Suva -
PMC signing_Suva -
PMC signing_Suva
Established in 2008, PRIF is a multipartner coordination and technical assistance facility aimed at improving the quality and coverage of infrastructure and service delivery in 14 Pacific developing countries (PRIF member countries).
“PRIF partners are excited to announce and support phase five of the PRIF, which will foster deeper cooperation and coordination among partners on infrastructure development in the Pacific”, said Shane Rosenthal, Regional Director of ADB’s Pacific Liaison and Coordination Office in Sydney. “This heralds a new era for the PRIF, which will soon be based in Suva, enabling the infrastructure advisory body to be closer to Pacific governments and will allow PRIF to be more responsive.”
“This EU’s contribution reaffirms our partnership with the Asian Development Bank, with whom we share common values and objectives, including improving the quality and coverage of infrastructure and service delivery in the Pacific” said Her Excellency Barbara Plinkert, Ambassador of the European Union to the Pacific.
Phase 5 of PRIF will support the operationalization of the Pacific Island Forum Leaders endorsed Pacific Quality Infrastructure Principles, emphasising strengthening socioeconomic resilience and increasing focus on climate resilience. It will also mainstream four crosscutting themes —climate change and disaster risk; private sector participation; gender equality, disability, social inclusion (GEDSI) and preventing sexual exploitation, abuse, and harassment; and sustainable infrastructure management. This latest phase will run until December 2027.