News Releases

11 May 2021
New laws make it easier to start, manage, and grow businesses in Kiribati—PSDI

Kiribati now has a suite of modern foundational business laws after the Companies Act, Company Insolvency Act, and Business Names Act were passed by Parliament last week. The new laws will make it easier for both existing and new businesses to operate in Kiribati.

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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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