Marshall Islands Resilience and Adaptation Trust Fund Act 2022 (P.L. No. 2022/56).

This Act provides for the establishment of the Marshall Islands Resilience and Adaptation Trust Fund for the purposes of adapting and building resilience to the impacts of climate change and enduring and surviving as a viable and recognized people, Government, and nation into the future. The Fund will support the Republic’s long-term climate change adaptation and resilience-building efforts, by: (i) collecting, catalyzing, and growing financial resources dedicated solely to adaptation and resilience; (ii) providing steady supplementary and complementary financing for adaptation and resilience investments and initiatives; (iii) supporting and supplementing both Government resources and public expenditure as well as external assistance provided by diplomatic and development partners; and (iv) enhancing the capacity of the Government to effectively plan and manage its national adaptation and resilience programs and processes. The Government and the Fund Board shall work closely with diplomatic and development partners to actively pursue new and innovative financing mechanisms and ventures to generate additional resources for the Fund, in accordance with the Constitution and laws of the Republic.