China, US pledge funds for Pacific Islands
“A Chinese corporation has pledged A$1 billion (US$648.85 million) to Nauru, the Pacific Islands nation with a population of 12,000 said [August 12th], as major powers including the US push for influence in the region.”
“The US […] made its own US$60 million pledge to the region under a 2022 treaty, as news of the Chinese agreement with Nauru was made public.”
“Nauruan Minister for Foreign Affairs and Trade Lionel Aingimea signed the A$1 billion economic development proposal in Beijing with the China Rural Revitalization and Development Corp (國家鄉村振興發展總), a statement posted on the Nauruan government’s Web site said.”
“Australian Minister for Foreign Affairs Penny Wong (黃英賢) and Minister for Defence Richard Marles and Minister for Pacific Island Affairs Pat Conroy are today to hold security talks in Vanuatu, with Australian Broadcasting Corp reporting a deal worth A$500 million over a decade under consideration.”
https://www.taipeitimes.com/News/front/archives/2025/08/13/2003841949
See also: Australia and Vanuatu close to signing Nakamal Agreement worth $500m