In recent years, Forum Economic Ministers have decided to look at innovative financing solutions for regional and national initiatives – including the use of resources within the region, such as our superannuation funds and excess liquidity in the banking sector. Of course, such proposals are still under development.
Furthermore, development partners and private, public partnerships and collaborations are looking into options for increased accessibility to climate and disaster finance, including policy advice on contextualised financial instruments. So, while we continue to develop innovative development financing options at the regional level, attention is also required to address the concerns of those at community level and small and micro business owners.