Australia and Vanuatu signed the Nakamal Agreement, which bars the establishment of any foreign military base in Vanuatu. Australia has expressed concern that China is seeking a security presence in Vanuatu. The agreement includes economic support from Australia, with Dawn reporting a commitment of $345 million. According to pmn.co.nz, Australia will contribute $120 million for data centres and $100 million for security support. Another source states Australia originally pledged $500 million over 10 years, but the funding period is now unspecified. The Nakamal Agreement was approved by Vanuatu's Council of Ministers in Tanna, according to pmn.co.nz. One source reports the agreement was signed, while another, pmn.co.nz, states it is set to be officially signed next month. Al Jazeera reported that China expressed concern the Australia-Vanuatu agreement may be targeted at it. The South China Morning Post reported that Vanuatu's largest external creditor is China.