The plan outlines a shift toward wider regional capability, aiming to strengthen long-term resilience and drive greater impact for Pacific governments and communities.
Federal and state-backed projects include cyclone shelters, bushfire risk reduction, and upgraded early warning systems across all states and territories.
The initiative seeks to build disaster-risk financing into development planning, enabling quicker fiscal response and reducing recovery costs for governments.
The fund will invest in small to medium-sized commercial infrastructure projects in emerging markets and developing economies and counts the International Finance Corporation, AXA, Generali, Swiss Re,...
