ECONOMIC and Finance Ministers from across the Pacific Islands Forum (PIF) will gather in Majuro, Republic of the Marshall Islands, from June 23–24 for the annual Forum Economic Ministers Meeting (FEMM).
Chaired by Marshall Islands Minister of Finance, Banking and Postal Services David Paul, the meeting will focus on strengthening regional economic resilience and advancing the implementation of the Pacific Roadmap for Economic Development (PRED) under the 2050 Strategy for the Blue Pacific Continent.
Ministers are expected to discuss the growing impact of global economic uncertainties on Pacific nations, including rising fuel costs, energy security concerns, and supply chain disruptions.
Building on Forum Leaders’ decision to invoke the Biketawa Declaration in May, ministers will consider the implications of ongoing global developments, including tensions in the Middle East, and explore coordinated regional responses to the energy crisis affecting Forum member countries.
A key feature of the meeting will be a Ministerial Talanoa on “Navigating the Triple Shock”, bringing together government representatives, industry leaders, development partners, civil society organisations, and the private sector to discuss the interconnected challenges of energy security, rising import costs, and food security.
Pacific Islands Forum Secretary General Baron Divavesi Waqa said regional cooperation remains vital as global uncertainties continue to intensify.
“As global uncertainties intensify, regional cooperation remains our greatest strength.”
“The meeting of the Forum Economic and Finance Ministers will consider and advance collective solutions to strengthen economic security, resilience, stability and sustainable growth across the Blue Pacific,” he said.
Following the meeting, ministers will attend the inaugural Council meeting of the Pacific Resilience Facility (PRF) on June 25.
The meeting follows the PRF Treaty entering into force on May 6, with 10 Forum member governments having ratified the agreement.
The annual FEMM serves as a key platform for Pacific finance and economic development ministers to address regional and international economic issues and provide advice to Forum Leaders on priorities affecting the region.
