This case study explores the challenges faced by developingcountries in the face of the climate crisis and unsustainable debt, as well asthe critical importance of integrating adaptation and disaster risk reductioninto national planning and development strategies. Fiji’s proactive andmultifaceted approach to climate finance and resilience building offersvaluable insights for other nations facing similar climate vulnerabilities,including small island developing states (SIDS).

Fiji's pioneering use of financial instruments such as green and blue bonds,the CROC Trust Fund, and risk transfer mechanisms highlights the country’scommitment to mobilizing resources for climate resilience and sustainable development. These financial mechanisms have enabled Fiji to fund green andblue projects by attracting and encouraging environmentally conscious investorswhile ensuring timely disaster response and recovery. Its robust regulatory andlegal frameworks are exemplified by the Climate Change Act and the CROC Trust Fund Act, being pivotal in operationalising national responses to climatechange, and ensuring transparency, accountability, and effective coordinationamong stakeholders.

Fiji’s comprehensive approach to climate finance and sovereign debt managementprovides learnings, including on the successful integration of robustregulatory frameworks, evidence-based design, accountability, and communityengagement.

‍