AGP Executive Report
Last update: 4 hours agoEnergy Costs: The Asian Development Bank approved US$40.1 million for Kiribati, Tonga and Tuvalu to cushion fuel-price volatility. Tuvalu will receive US$11.94 million, including targeted support for about 6,000 low-income people facing higher fuel, electricity and living costs. Disaster Finance: Prime Minister Feleti Teo is calling for more regional disaster funding and insurance triggers that reflect real household losses. Tuvalu has joined a regional risk-pooling facility and introduced microinsurance for high tides. Climate Funding: UN chief António Guterres urged developed countries to triple adaptation finance to US$300 billion a year. Faster, more accessible funding remains a key concern for Tuvalu and other Pacific nations.
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