Pacific Strengthening Correspondent Banking Relationships Project: PMU Financial Management Specialist

Objectives: The primary aim of the Pacific Strengthening Correspondent Banking Relationships Project is to ensure continuous access to correspondent banking services for participating Pacific Island Countries (Fiji, Kiribati, Marshall Islands, Samoa, Tonga, Tuvalu, and Vanuatu) by overcoming challenges in financial systems that limit basic transaction access for the population. The project will focus on short-term solutions like temporary correspondent banking services and long-term strategies such as enabling an environment and regulatory harmonization to facilitate efficient cross-border payments, ultimately fostering economic stability and growth across the region.