Samoa faces escalating climate-related risks that threaten macroeconomic stability, fiscal sustainability and the resilience of its financial system. This report examines how physical hazards―such as cyclones, sea?level rise and coastal degradation―and transition risks linked to global decarbonization affect the economy and transmit to the financial sector. High credit exposure to climate?sensitive sectors, combined with limited insurance coverage and operational vulnerabilities, creates significant financial stability risks. Climate shocks have also intensified fiscal pressures by driving disaster?related expenditure and increasing public debt, while climate?induced supply disruptions complicate inflation management and weaken monetary policy effectiveness. A sector-wide assessment reveals substantial gaps in climate risk governance, technical capacity and alignment with international disclosure standards across financial institutions. Strengthened resilience will require coordinated action among government agencies, regulators and industry stakeholders, supported by expanded access to climate finance and regional cooperation. The report outlines a forward?looking agenda to integrate climate risks into supervision, enhance governance, mobilize sustainable finance and strengthen risk?transfer mechanisms.