Korea and Pacific Islands Foreign Ministers affirmed the importance of utilising existing regional mechanisms, including the Pacific Islands Forum (PIF) and Council of Regional Organisations of the Pacific, for cooperation and partnership.
call originated from the 5th Korea-Pacific Islands Foreign Ministers
Meeting held in Busan, Korea earlier this week, with the Cook Islands
headed by Associate Minister of Foreign Affairs and Immigration,
their discussions, Ministers noted the Republic of Korea’s (ROK) continued
efforts to expand the scale of Official Development Assistance (ODA) and
enhance development effectiveness for Pacific Islands, working through national
and regional systems and exploring innovative and collective approaches in
trade and investment to address economic impacts.
Minister Elikana said: “The Cook Islands particularly welcomed ROKs commitment
to increase contributions to climate finance, including an increase in Green
Cook Islands has been at the forefront of Pacific efforts to develop the
Pacific Resilience Facility (PRF) and we look forward to working closely
through the PIF with Korea to capitalising the PRF in the near future.
all the climate finance pledges of the last decade and accompanying global
climate financing mechanisms, the reality is funding has not reached our
Pacific people. The PRF – built by the Pacific and tailored to the specific
needs and realities of the Pacific – will not only deliver timely and targeted
funding to the Pacific and our coastal communities most impacted by the effects
of climate change, but the PRF will ensure climate finance committed by
partners like Korea achieve their stated objectives of supporting the Pacific
cope with climate change.”
the bilateral front, Korea and the Cook Islands have partnered on a handful of
initiatives over the years in renewable energy, disaster risk and resilience,
ocean governance and maritime affairs and people-to-people exchanges.