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.
MANILA, PHILIPPINES (21 October 2021) — The Asian Development Bank (ADB) has welcomed the passing of a new Corporations Act in Palau which will make it easier and faster to start and run a business. The new act modernizes and simplifies business start-up and operation requirements by eliminating unnecessary and outdated formalities, which will make it simpler, faster, and more cost-effective to register and manage businesses in the future. The act...
Papua New Guinea’s National Executive Council has endorsed the PSDI-supported Public-Private Partnership (PPP) Amendment Bill and Regulations.