The Government has told Parliament that Fiji has secured around $3.7 billion in climate-related budget support through loans and grants, while acknowledging that it is difficult to determine the exact amount of climate finance received because much of it is embedded within broader budget support and development projects.
Responding to a written parliamentary question from Opposition MP Premila Kumar, Minister for Finance, Commerce and Business Development Esrom Immanuel said Fiji accesses international climate finance through direct budget support, multilateral climate funds and bilateral development partners.
The Minister said the Government secured approximately $1.1 billion in loans and grants during the 2025-2026 financial year alone through partnerships with the Asian Development Bank, World Bank Group, the Governments of Australia and New Zealand, the European Union, the Asian Infrastructure Investment Bank and the OPEC Fund.
He said these policy-based budget support operations have been in place since the 2018 financial year and support reforms aimed at strengthening public financial management, promoting economic growth and improving climate and community resilience.
The Minister also highlighted several major climate-focused infrastructure projects.
These include the Critical Bridges Project, co-financed by the Asian Development Bank and World Bank, which is designed to improve Fiji’s transport connectivity through climate and disaster-resilient infrastructure.
He said the Government recently signed a $37.3 million grant agreement with the Asian Development Bank for the Enhancing Climate Resilience of Coastal Communities Sector Project, which will reduce climate vulnerability through nature-based coastal protection and climate-resilient livelihood initiatives.
The Minister also confirmed that Fiji secured $60.3 million in Climate Investment Funds financing in October 2025. The funding, split equally between grants and concessional loans, will support Government capacity building, integrated land and ocean management, rural development and project management, with additional grant funding expected for energy sector programmes.
He added that the Ministry of Environment and Climate Change continues to receive substantial support through international climate financing mechanisms, including the Green Climate Fund.
The Minister tabled figures showing Australia’s contribution to budget support and grants over recent years, with total financing amounting to approximately F$4.15 billion, comprising F$3.59 billion in budget support financing and F$560.7 million in Australian grant assistance.
On the conditions attached to the funding, the Minister said World Bank concessional loans carry zero interest, a 0.75 percent annual service charge and a 40-year repayment period, including a 10-year grace period, while Asian Development Bank loans carry a fixed one percent interest rate.
He added that grant-funded programmes are generally implemented over a period of four to six years in partnership with Government agencies.
