Maintaining Momentum with GCF on Collaboration Efforts

Following earlier dialogue between the parties, a further meeting between PCRIC and representatives of the Green Climate Fund (GCF) recently occurred in Suva, Fiji. With a focus on identifying potential areas for strategic partnership, discussions enabled the GCF to gain a clear understanding of PCRIC’s business model and where this might best intersect with GCF’s well-established modus operandi.

With shared interests in pursuing practical pathways to strengthen financial protection against the rising cost of natural disasters driven by climate change, it was encouraging for parties to agree on a number of areas that show promise as potential opportunities for formal collaborative engagement. These include joint product development, policy structuring support, and potential backing for PCRIC’s credit guarantee ambitions. Interest was also expressed in exploring collaboration around PCRIC’s recently released education initiatives and exploratory discussions will continue.