News Releases

14 October 2014
ADB and Vanuatu to Support Private Sector with Online Registries

Ms. Serah Obed, Acting Commissioner, Vanuatu Financial Services  Commission (left) and Ms. Nancy Wells, ADB's Development  Coordinator in Vanuatu, share a handshake in Port Vila yesterday  at the signing of an MOU committing their organisations to work  together to build what will be the Pacific's "most comprehensive  suite of electronic business registries".  *PORT VILA, VANUATU*—After working together to achieve business law reform, the Asian Development Bank (ADB) and Vanuatu’s financial services regulator have agreed to build online business...

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23 September 2014
New ADB Report Urges Reform of Vanuatu’s Flagging State-Owned Enterprises

PORT VILA, VANUATU—Vanuatu’s policymakers and private sector representatives will learn this week how a broad-based state-owned enterprise (SOE) reform program is crucial to improving the poor performance and service delivery of the country’s SOEs. It is one of the key findings of a new Asian Development Bank (ADB) report, Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, to be presented in Port Vila this week as ADB continues...

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7 September 2014
ADB Welcomes New Public Private Partnership Act in Papua New Guinea

*PORT MORESBY, PAPUA NEW GUINEA*—The Asian Development Bank (ADB) has welcomed a new law making it easier to develop and implement public–private partnerships (PPPs) in Papua New Guinea (PNG). The Public–Private Partnership Act was passed by National Parliament of PNG early this month by a unanimous vote of 67-0. The new Act establishes a Public–Private Partnership Centre to assist the government in developing, tendering and implementing PPPs. ADB provided policy guidance and support in...

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30 August 2014
Finding Balance 2014: Latest Edition of PSDI's Landmark Report Launched in Samoa

*APIA, SAMOA*—Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises (SOEs), according to a new landmark report from the Pacific Private Sector Development Initiative (PSDI). Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, was launched by Asian Development Bank Vice-President Stephen Groff in Apia, Samoa, ahead of the Third International Conference on Small Island Developing States, which opens tomorrow. It was...

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