International funding and financing for the Pacific Islands has largely avoided the worst of aid cuts as Australia leads the way, according to a new report.
As competition among the major powers for influence in the key region remains intense, the Lowy Institute's ninth annual Pacific Aid Map report shows Australia was by far the leading provider of grants and loans to the region in 2024.
Australia disbursed $US1.5 billion of aid in the Pacific, more than three times that of the next-biggest contributing nation New Zealand and accounting for 37 per cent of all development finance.