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.
PSDI supported a tender forum for prospective bidders for a Ports Authority of Tonga (PAT) stevedoring contract, held at the PAT headquarters in Nuku’alofa on 8 February.
Dr Peter Dirou, PSDI’s Senior Finance Sector Expert, delivered a virtual Pacific Talk to ADB staff on February 3 on the role of government-owned banks and retirement funds in the Pacific.
Retirement funds are an important feature of Pacific financial systems and often play a wider social protection role, but they must be well-run financial institutions to be effective, says a policy paper published by the Pacific Private Sector Development Initiative (PSDI)—an Asian Development
Improving the ability of government-owned banks to finance businesses will help rebuild Pacific economies in the wake of COVID-19, says a policy paper published today.