News Releases

9 November 2020
Strong retirement funds can be important providers of long-term Pacific business finance

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

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30 September 2020
Strengthen Government-Owned Banks to Help Finance COVID-19 Recovery

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.

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16 December 2019
Australia to Provide $14 Million, ADB $2 Million for Private Sector Initiative in the Pacific

SYDNEY, AUSTRALIA (16 December 2019) — The Government of Australia is providing $14 million in additional funding to the Pacific Private Sector Development Initiative (PSDI), with the Asian Development Bank (ADB) also contributing $2 million.

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12 December 2019
Cook Islands Launches Registry to Improve Business, Increase Finance with Support from ADB and New Zealand

RAROTONGA, COOK ISLANDS (12 December 2019) — A new online registry will help improve the efficiency of doing business in the Cook Islands, making it easier for businesses and individuals to access much-needed finance to help expand and develop their operations and contribute to job creation and incl

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4 September 2019
Commercially Oriented State-Owned Banks Can Help Fill Pacific Business Financing Gap — ADB

SYDNEY, AUSTRALIA (4 September 2019) — Commercially oriented state-owned banks can help provide much-needed financing for businesses in the Pacific, but only if they strictly adhere to commercial principles and regulations, says a new Asian Development Bank (ADB) report.

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10 May 2019
Empowered Women Will Drive Economic Growth in the Pacific — ADB

SYDNEY, AUSTRALIA (10 May 2019) — Making it easier for women in the Pacific to start businesses and gain formal employment will improve livelihoods and create more open and productive economies, says a recently released book by the Asian Development Bank (ADB).

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