AGP Executive Report
Last update: 5 hours agoPacific Fuel Pressure: Finance ministers meet in the Marshall Islands for the Forum Economic Ministers Meeting as a “triple shock” hits the region—fuel insecurity, rising import costs and food vulnerability—while Tonga reports diesel above NZ$3.60/litre in Tongatapu and about NZ$4.40/litre in Niuafo’ou. Tonga Budget: Tonga’s Parliament approved the 2026/27 budget of $949.4m, including $735.2m cash and $214.2m in-kind, with cost-of-living support such as $18m for electricity tariff relief and lifeline support. Climate Governance Clash: Australia refuses to release internal climate trust fund reports for Tuvalu, citing diplomatic “damage,” despite AFP seeking details on how investments linked to coal, gas and oil are handled. Climate-Resilient Farming Training: Youth and officials from Solomon Islands, Kiribati and Tonga completed a 14-day climate-resilient agriculture and fisheries seminar in China focused on climate-smart aquaculture, fisheries management and building resilient supply chains. Ocean Industry Policy: Tonga highlighted ocean governance progress at an Australia–Pacific summit, pointing to Ocean7 coordination and a new Ocean Management Act 2025 and National Ocean Policy.
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