PCRIC Products Mentioned at Commonwealth Secretariat Side Event

At the Fiscal Policies for Resilient and Sustainable Development side event hosted by the Commonwealth Secretariat, a special mention was made on PCRIC’s role in providing disaster risk finance in the Pacific.

As part of his statement, Fiji’s ambassador to the United Kingdom, Mr. Jovilisi Suveikama highlighted that Fiji is actively pursuing innovative solutions in addressing climate and disaster risks including the PCRIC tropical cyclone and excess rainfall parametric insurance cover. As part of sustainable debt management, the discussion further drives to the point that PCRIC products are non-debt instruments readily available in the region.