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The meeting outlined recommendations for the jurisdictions signatories of the Micronesia Challenge (MC) – the Republic of Palau (ROP), U.S. Territory of Guam, Commonwealth of the Northern Mariana Islands (CNMI), Federated States of Micronesia (FSM), and Republic of the Marshall Islands (RMI) – to work together as a Regional Body to implement the Challenge through: Institutionalization of the Micronesia Challenge Regional coordinating body/ mechanism and process for regular review Regional financing mechanism(s) and regional fundraising mechanism/strategy

The PACC will implement long-term adaptation measures to increase the resilience of a number of key development sectors in the Pacific islands to the impacts of climate change. This objective will be achieved by focusing on long-term planned adaptation response strategies, policies and implementation measures to bring about this result. The key development sectors this project will focus on are water resources management; food production and food security; coastal zone and associated infrastructure (roads and breakwater). To ensure sustainability of the project, regional and national adaptation financing instruments will also be developed.