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.
Innovative Financing Mechanisms, such as small-scale offers regimes and investment-geared crowdfunding, can help bridge the financing gap for small and medium-sized enterprises (SMEs) in the Pacific region, says a new PSDI report.
The Tourism Authority of Kiribati (TAK) on 13 January 2024 launched the destination's first ever Sustainable Tourism Policy, alongside it’s 2024-2026 Strategic Plan, developed with PSDI support.
PORT MORESBY, PAPUA NEW GUINEA (23 January 2024) — The Asian Development Bank (ADB) welcomes a new framework for public–private partnerships (PPPs) in Papua New Guinea (PNG) aimed at unlocking private investment and know-how, and allowing PNG to expand and improve infrastructure service delivery.
FDI can be a powerful driver of economic growth and human capital development. A strategic approach and targeted reforms can support Pacific countries to attract, retain, and assess FDI effectively, according to a comprehensive study of the FDI frameworks in five Pacific countries.