24/06/2026
Forum Economic Minister’s Meeting (FEMM) 22-25 June 2026, Majuro, Republic of the Marshall Islands (Majuro)
The Forum Economic Ministers’ Meeting commenced today, Monday, June 22, 2026, in Majuro, Republic of the Marshall Islands. The meeting is being held in a hybrid format and began with Senior Officials discussing key issues before they are submitted to the ministerial meeting for approval.
Tonga’s delegation is led by Mrs. Kilisitina Tuaimei’api, CEO of the Ministry of Finance, and Mr. Tatafu Moeaki, Governor of the National Reserve Bank of Tonga, who are both present to support this regional platform. The meeting is chaired by Ms. Ayako Yamaguchi-Eliou, Secretary of the Ministry of Finance, Banking, and Postal Services of the Republic of the Marshall Islands.
Key agenda items for discussion include the Resilience Facility (PRF), the ongoing fuel and energy crisis and its impact on the Pacific region, the 2050 Strategy for the Blue Pacific Continent, the Review of the Regional Architecture (RRA), the Pacific Regional Private Sector Strategy Implementation Plan, financial integration for resilience and access, and climate change and disaster preparedness.
Pacific Strengthening Correspondent Banking Relationships (CBR) Project Steering Committee Meeting
The second Project Steering Committee Meeting for the Pacific Strengthening Correspondent Banking Relationships (CBR) Project was held as the final agenda item on the first day of the FEMM 2026 meeting
The meeting discussed the projects progress, including the feasibility study of the Pacific Payments Mechanism, the CBR Service Provider initiative, technical assistance on Anti-Money Laundering and Combating the Financing of Terrorism, support for payment systems, the CBR Resilience Index, data collection efforts, and activities of the Project Management Unit. As Pacific economies deal with a complex global environment, strengthening access to correspondent banking services is a top priority. This project supports the implementation of the 2050 Strategy for the Blue Pacific Continent, particularly its vision for a resilient and integrated Pacific region. Such a region is connected to global markets, backed by secure and inclusive financial systems, and capable of advancing sustainable economic development for the peoples of the Pacific.