PSDI helps Pacific countries achieve sustainable and inclusive economic growth by improving their business environments.
Reforms supported by PSDI reduce constraints to doing business, incentivize entrepreneurship and investment, foster new business models, and remove barriers to women’s full participation in the economy. This allows the private sector to formalize and grow, which creates jobs, increases tax revenues, and helps lift people out of poverty.
The Government of New Zealand has committed to providing $4 million* in additional funding to the Pacific Private Sector Development Initiative (PSDI) to continue efforts to make it easier for people in the Pacific to start and grow their businesses.
PSDI is working to help ensure that Pacific financial institutions maintain their strength during the COVID-19 emergency response and can contribute to economic recovery by helping the private sector access the finance it needs to be an effective driver of economic recovery.
PSDI is working to help ensure that Pacific business activity can restart as quickly, effectively, and efficiently as possible, through assisting with necessary legislative amendments and policy advice, and working to increase digital connections between business and government.
PSDI is working to help enhance the capacity of Pacific SOEs to weather upheaval and uncertainty, to address immediate challenges SOEs are facing, and to improve their contribution to recovery.