Fiji, May 6 -- Pacific countries have sought the help of the Asian Development Bank (ADB) to secure correspondent banking partners to increase investment and raise opportunities for local businesses.

The 14 Pacific Developing Member States (PMDCs) raised their concerns over the loss of three correspondent banking relations (CBRs) and de-risking of remittance service providers as a serious threat to the region's financial viability and stability.

Samoa's Minister for Finance, Lautimuia Uelese Vaai made the intervention at the ADB Governor's Annual Meeting in the Georgian capital, Tbilisi Sunday,

"We acknowledge strong interests from the United States and Australia on this development issue and we look forward to practical solutions at t...