27 August 2021

Pacific Islands Regional De-Risking Action Plan

To harmonize the PIRI members' efforts to drive the formulation and implementation of National Action Plans to reverse or stem de-risking, PIRI Leaders and EGFIP members endorsed the development of the De-Risking Action Plan.

PIRI members conducted a two-day workshop in Sydney, Australia in November 2019 to develop and finalize this action plan with key non-PIRI jurisdictions and regional partners. The workshop emphasized an open and inclusive consultative approach that ensured shared ownership among the stakeholders and attained a consensus on feasible timelines, roles and progress tracking mechanisms.

The objective of the De-Risking Action Plan is to increase economic stability through stable global and regional banking relationships and financial services that are accessible to all Pacific islanders.

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