Pacific Strengthening Correspondent Banking Relationships Project: PMU Project Coordinator

Objectives: The main objective of the Pacific Strengthening Correspondent Banking Relationships Project is to enable continuous access to correspondent banking services in the participating Pacific Island Countries (PICs). This project seeks to address the challenges and potential withdrawal of correspondent banking relationships (CBR) which are vital for international trade, tourism, remittances, and humanitarian financial flows. The project will help support PICs, which are vulnerable due to low levels of financial access, by ensuring the financial systems are reinforced, facilitating economic stability, and promoting sustainable development in the region.