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 Investment Promotion Authority, Department of Treasury, and PSDI illustrated their continued partnership by signing a Memorandum of Understanding on 2 September 2020 designed to make doing business easier in PNG.
The Investment Promotion Authority, Department of Treasury, and PSDI, with support from the PNG-Australia partnership, signed a memorandum of understanding designed to make doing business easier in Papua New Guinea. (News item courtesy of EMTV).
Papua New Guinea (PNG) now has a National Competition Policy which aims to improve economic efficiency, promote sustainable and inclusive economic growth, and increase consumer welfare through the promotion and maintenance of fair and effective competition in all markets in PNG’s economy.