Pacific finance ministers have reaffirmed their commitment to stronger regional cooperation, energy security and economic resilience as they concluded the 2026 Forum Economic Ministers Meeting (FEMM) in Majuro Wednesday amid growing global economic uncertainty and an ongoing regional energy crisis.
Speaking at a press conference after chairing the meeting, Marshall Islands Minister of Finance, Banking and Postal Services David Paul said ministers met at a time when Pacific economies continue to face mounting external pressures.
“Ministers met at a time when Pacific economies continue to navigate an increasingly complex global environment shaped by geopolitical tensions, energy market disruptions, inflationary pressures, climate impacts, and supply chain challenges,” he told journalists.

Paul said ministers responded by reaffirming regional commitments under key Pacific frameworks.
“In response, finance ministers reaffirmed our shared commitment to stronger regional cooperation and collective action under the 2050 Strategy for the Blue Pacific Continent and the Pacific Roadmap for Economic Development.
Our discussions were constructive, forward-looking, and grounded in practical solutions,” he said.
Paul said ministers agreed on the need to strengthen energy security, improve economic preparedness and build long-term resilience across the region.
“Ministers emphasised the importance of strengthening regional energy security, enhancing economic preparedness through better data and risk monitoring, and building long-term resilience through economic diversification, sustainable energy transition, and coordinated regional responses.”
Paul said the meeting also advanced several regional priorities.

“We also advanced several key regional priorities, including sustainable fisheries development, private sector growth, action on non-communicable diseases, greater access to climate and disaster risk finance, stronger financial connectivity and correspondent banking relationships, and the operationalisation of the Pacific Resilience Facility(PRF).”
He said ministers reaffirmed support for member-led regional initiatives aimed at improving the lives of Pacific people.
“Above all, ministers reaffirmed the value of member-led regional initiatives that deliver tangible benefits for our people and strengthen the resilience, prosperity, and sustainability of the Blue Pacific in an increasingly uncertain world.”
Forum Secretary General Baron Waqa said ministers gathered under the theme *Economic and Financial Inclusion in the Pacificand focused on the region’s most pressing economic challenges.

This year’s meeting brought together economic and finance ministers, both in person and virtually, to discuss the key economic priorities shaping our region’s future.
Against the backdrop of increasing global uncertainty, ministers reaffirmed the importance of collective action, deeper regional cooperation, and practical partnership to enhance a resilient, prosperous, and secure Blue Pacific for current and future generations.”
Waqa said discussions centred on ensuring economic growth benefits all Pacific communities.
“The discussions emphasised our shared commitment to strengthening economic resilience and ensuring that the benefits of development are accessible to all Pacific peoples.”
“A significant focus of the meeting was the ongoing energy crisis and its far-reaching impacts across Forum member countries.
“Ministers considered the evolving situation and the region’s coordinated response, noting the decision by Pacific Islands Forum Leaders to invoke the Biketawa Declaration as the framework for addressing this challenge.
“Discussions highlighted the importance of regional solidarity, coordinated action, and long-term solutions to strengthen energy security across the Pacific,” said Waqa.
Waqa said ministers also reviewed progress on the region’s economic development agenda and implementation of the 2050 Strategy for the Blue Pacific Continent.
“Throughout the two-day meeting, ministers engaged in constructive and forward-looking deliberations centred on advancing the priorities of the Roadmap on Economic Development and supporting the implementation of the 2050 Strategy for the Blue Pacific Continent.
The exchange of perspectives and experiences highlighted both the challenges we face and the opportunities that can be realised through stronger regional cooperation.”
He said the outcomes demonstrated a shared commitment to tackling common challenges and building a stronger regional future.
“The outcomes of this meeting reflect our collective determination to work together in addressing shared challenges and advancing a more inclusive, sustainable, and resilient future for the Blue Pacific.”
Paul thanked ministers, officials, private sector representatives, civil society organisations and development partners for their contributions to the meeting.
The meeting concluded with ministers reaffirming the importance of collective action, stronger regional cooperation and practical partnerships to address economic challenges, improve energy security and advance a more inclusive and resilient Blue Pacific.














