Climate Finance: The Global Environment Facility has approved four Pacific climate adaptation projects, including Tuvalu and Vanuatu, unlocking about US$14m in GEF grants plus $43m in expected co-financing to plan flood, sea-level rise and coastal erosion resilience. Methane & Fossil Fuels: Tuvalu has endorsed the UN Secretary-General’s call for global methane action and backed a fossil-fuel phase-out push, saying methane is a near-term warming driver and pledging deeper methane focus ahead of 2027 talks. Tuvalu Trust Fund Scrutiny: Australia has refused to release internal papers on the Tuvalu Trust Fund, despite AFP reporting investments linked to coal, gas and oil; DFAT says disclosure could harm diplomatic relations, while Tuvalu’s fund board role is framed as reducing fossil exposure. Pacific Banking Access: Pacific leaders are working to protect correspondent banking links, with a steering meeting in Majuro reviewing progress on payment mechanisms, resilience and anti-money laundering support. Vanuatu–Australia Pact: Australia and Vanuatu signed the Nakamal Agreement, watering down clauses that would have blocked third-party involvement in critical infrastructure, while requiring consultation with Australia and commitments to keep infrastructure free from militarisation. Fuel Cost Pressure: Pacific finance ministers meet in Majuro amid a “triple shock” of fuel insecurity, import costs and food vulnerability, with diesel price rises reported across the region. Fisheries Governance: Tuvalu has introduced Fisheries Management Regulations 2025 to strengthen licensing, monitoring, conservation and enforcement for sustainable fisheries.