Australia is the largest donor to the Pacific Islands, providing around 40% of total development finance, or $17 billion between 2008 and 2021
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Direct budget support to Pacific Island governments surged in 2021, to 40% of all development finance. Around 39% of all aid pledged to the region in 2021 was climate-related, but climate financing remains below the levels needed, the Lowy report said. The average size of Chinese projects has “significantly decreased” from $40 million between 2013 to 2019, to around $5 million, it said.
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