Pacific Debt Relief is a program that provides financial assistance to low-income Pacific Island countries to help them repay their debts. The program was launched in 2000 by the World Bank and the International Monetary Fund (IMF) and has since provided over $1 billion in debt relief to 13 countries.
Pacific Debt Relief is an important tool for helping Pacific Island countries to achieve their economic development goals. The program has helped to reduce poverty, improve living standards, and promote economic growth in the region. Pacific Debt Relief is also a key part of the international community’s efforts to achieve the Sustainable Development Goals (SDGs).