基里巴斯、马绍尔群岛、密克罗尼西亚联邦、瑙鲁、帕劳、萨摩亚、汤加、图瓦卢和瓦努阿图2026-2031财年区域伙伴关系框架

FOR OFFICIAL USE ONLY Report No.CPF0000024 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY REGIONALPARTNERSHIP FRAMEWORK FOR NINE PACIFIC ISLAND COUNTRIES (PIC9): THE REPUBLIC OF KIRIBATI, THE REPUBLIC OFTHE MARSHALL ISLANDS, THE FEDERATED STATES OF MICRONESIA, THE REPUBLIC OFNAURU, THE REPUBLIC OF PALAU, THE INDEPENDENT STATE OF SAMOA, THE KINGDOMOF TONGA, TUVALU, AND THE REPUBLIC OF VANUATU FOR THE PERIOD FY2026–FY2031 March31, 2026 Pacific Islands Country Management UnitEast Asia and the Pacific RegionPublic Disclosure Authorized The International Finance CorporationEast Asia and the Pacific Region The Multilateral Investment Guarantee Agency The date of the last Regional Partnership was February 28, 2017.ThePerformance andLearning Review was completed on February 6, 2020. CURRENCY EQUIVALENTSAs ofFebruary 28, 2026 FISCAL YEAR REGIONAL PARTNERSHIP FRAMEWORK FOR NINE PACIFIC ISLAND COUNTRIESSmall Island Developing States in the Pacific: Securing Resilient Growth and Jobs ThisWorld Bank Group (WBG)RegionalPartnershipFramework(RPF)supports a visionofgenerating more and betterjobsover the period FY26–31,in ninePacificIsland Countries (PIC9).The RPF builds on the WBG’slong engagementwith small island developing states in the region as well as the new WBG Small States Strategy. It supports the developmentpriorities that are common across the National Development Plans of the PIC9, which areKiribati, the Republic of theMarshall Islands (RMI), the Federated States of Micronesia (FSM), Nauru, Palau, Samoa, Tonga, Tuvalu, and Vanuatu.These priorities includebetter governance, economic management, private sector development, and job creation; greaterinvestment in infrastructure for connectivity and resilience; improved human capital and social inclusion; and greaterenvironmental sustainability and resilience. Extreme dispersion and distance from major global markets characterize the remote micro-and smallstates of the PIC9,1contributing to the region’s fragilityand vulnerability to natural disasters and climate change. These lead to limitedeconomic opportunities and volatile growth, an underdeveloped private sector, budget deficits,and heightened risk of debtdistress. Uneven state capacity, worsened by outward migration of talent, limits both service delivery and economic activity.Outer islands face deeper poverty, especially for women. Gender inequality is a key constraint, withlow female laborparticipation. High rates of gender-based violence (GBV) also constrain women’s safety and productivity, with around twoin five women experiencingintimatepartner violence. The PIC9 are among the highest in global natural disaster riskindices,although the likelihood of being struck by a severe natural disaster varies by country. The region has seen anincrease in natural disasters since 2000, with detrimental impacts on land, marine, and water resources, and livelihoods.These shocks are amplified by existing stressors such as institutional fragility and often lead to compounding effects thathave broader implications for development. Together, these risks impede the accumulation of productive infrastructure, putpressure on fiscal balances, and shift attention and resources from other investmentsand activities that can produce jobs. The RPF is informed by theSmall States Strategy. Itis more selective, scaling up a smaller set of interventions that havedemonstrated results,as assessed in the Completion and Learning Review(CLR) of the previous RPF, while narrowingengagement to areas where the WBG can most credibly determine impact on jobs, including selected lighthouse initiativesfrom theSmall States Strategy. It focuses on four outcomes: (i) more effective macroeconomic and fiscal management; (ii)strengthened infrastructure forbetter connected communities; (iii) healthier lives and reduced learning poverty; and (iv)increased resilience.These outcomes were selected using three standard filters. First,alignment with the WBG’s mission,informed by the 2023 Systematic Country Diagnostic Update and insights from other core analytics on inter alia growthand jobs, climate change, fragility, and gender.Second,alignment withthe PIC9governments’ priorities, as outlined intheir individual National Development Plansand validated during country consultations,2prioritizing those that arerequested by two or more of the PIC9, to facilitateconsolidation anduptake of regional approaches.Finally, learning fromthe WBG’s prior experience in the PIC9 and elsewhere, prime consideration is given to where the WBG’s capacity andcompetence can have the greatest impact,particularlyits ability to finance solutions at scale;where it candeliver integratedsolutions that combine policy advice, technical assistance, and project financing; andwhere it can bestconvene othersorcomplement the support provided by other development p