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.
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.
The Parliament of the Cook Islands passed the PSDI-supported Covid-19 Economic Response Act on 2 July, intended to assist businesses in the Cook Islands that are affected by COVID-19 to continue trading, preserve their economic value, and retain employees.
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.
The Cabinet of Fiji last week endorsed a new Public-Private Partnership (PPP) Implementation Guideline, designed to support the implementation of the PPP Policy 2019. Both the guideline and the policy were prepared with PSDI support.
In Morobe Province, Papua New Guinea, a group of women produce growers will soon be able to access the finance they need to increase their productivity and grow their businesses, thanks to an innovative new loan product developed by Women’s Micro Bank (WMB), NKW Fresh Produce, and PSDI.