Pacific Resilience Facility receives USD$3 million capital from Japan

The Pacific Resilience Facility (PRF) has received a first capitalisation contribution of 417,000,000 Japanese Yen, approximately USD$3 million, from the Government of Japan. The PRF is the first international financial institution to be collectively owned by Pacific Islands Forum member governments, dedicated to providing small-scale grant financing for Pacific communities. It will be headquartered in Tonga.