Explanation:

Partners in Blue Pacific

Recently, the US and its allies- Australia, New Zealand, Japan and the United Kingdom — have launched a new initiative called ‘Partners in the Blue Pacific’ for “effective and efficient cooperation” with the region’s small island nations. 

• Areas where PBP aims to enhance cooperation include “climate crisis, connectivity and transportation, maritime security and protection, health, prosperity, and education”.
• The PBP is a five-nation “informal mechanism” to support Pacific islands and to boost diplomatic and economic ties in the region. 
• It speaks of enhancing “prosperity, resilience, and security” in the Pacific through closer cooperation.
• It means that through the PBP, these countries together and individually will direct more resources towards the Pacific Island Countries to counter China’s aggressive outreach.
• The initiative members will “elevate Pacific regionalism”, and forge stronger ties with the Pacific Islands Forum (PIF).

Hence only statement 1st is correct.