What is the Pacific Resilience Facility?
The climate change crisis is an existential threat to our people, our homes and our livelihoods. We want to proactively build our communities’ preparedness.
The intensity and frequency of cyclones and disasters and the impact on Pacific communities holds back development in the region. Funding climate adaptation and disaster rehabilitation is challenging Pacific policy and decision makers like never before. The Pacific needs sustainable financing solutions for disasters and rising sea levels that directly threaten the security of our Blue Pacific Continent.
We want to help our communities to be more prepared, to become more resilient, and in doing so also save on the cost of post-disaster recovery and rehabilitation.
The Pacific Resilience Facility will
• build our community-centered resilience financing mechanism without incurring debt
• innovate to create a sustainable source of financing community resilience that will be easy and quick to access for communities
• strengthen and close the resilience loop, and
• offer a predictable source of financing to minimize disruptions to resilience building.