Fiji, March 28 -- Forum Secretary General, Henry Puna opened the High-Level Event on Correspondent Banking Relationships(CBR) Wednesday with a call for collaboration and action.

"We gather here as critical partners to share our experiences in our national and regional efforts to address the decline in correspondent banking relationships in our region," Puna said at the event in Sydney.

Highlighting the significance of correspondent banking relationships, Puna noted their role in facilitating economic growth through investments, trade, and remittances for smaller Pacific economies.

He emphasised the acute challenges faced by developing and newly developed Pacific Island Countries due to the decline in correspondent banking relationships...