Launching of Pacific Environment Community (PEC) Fund Consolidated Regional Report
Pacific Islands Forum Secretariat (PIFS) launched the Pacific Environment Community (PEC) Fund Consolidated Regional Report.
https://www.forumsec.org/regional-reports-and-frameworks-of-the-pacific-islands-forum/
Government of Japan funds the PEC Fund, a multi country grant facility available to 14 Forum Island Countries (FICs). It was launched by Japan and FIC Leaders at the fifth Pacific Islands Leaders Meeting (PALM 5) in Hokkaido in 2009, with funding of 6.8 billion Yen or US$ 66 million to support projects in solar power generation, sea water desalination or a combination of both. The PEC Fund has been managed by PIFS. It has successfully completed all the PEC funded projects and has provided the Government of Japan a copy of its final report.
It is evaluated by PIFS that this initiative has made prodigious impacts directly to the livelihoods of the people in the communities where the projects had been carried out, and the PEC Fund did not only bring direct development benefits to the FICs through improved access to electricity and water supply, but also provided a platform to encourage engagement by the Japanese private sector with the FICs.
To view the report, please click the link below.
