Annual Progress Reports | 1 February 2016 | Cook Islands, Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor Leste, Tonga, Tuvalu, Vanuatu

PSDI Annual Report 2014–2015

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PSDI’s 2014–2015 Annual Progress Report describes developments, progress, and key achievements for PSDI Phase III’s second year, including the expansion of PSDI’s work on the economic empowerment of women.

The report finds that a significant and increasing number of reforms supported by PSDI are resulting in legislative and structural changes that encourage investment and entrepreneurship across the region.

The report notes that PSDI-supported modern company registries established in Samoa, Solomon Islands, and Tonga are encouraging business formalization; opportunities for public-private partnerships have been improved in five countries including Papua New Guinea (PNG) and Timor-Leste; and efforts to improve the efficiency of state-owned enterprises are ongoing in seven countries including Fiji and Vanuatu.

An extended chapter also details how PSDI’s financing growth activities have helped improve funding for Pacific businesses, including through the creation of secured transactions frameworks, which facilitate lending using moveable property as security, in Federated States of Micronesia, Palau, the Marshall Islands and three other countries.

Requests for PSDI assistance continued to grow during the reporting period. The initiative’s competition program expanded into five new countries, and in Fiji all five of PSDI’s core work areas began targeted support activities. Meanwhile, four pilot projects were initiated in PNG, Solomon Islands and Tonga under PSDI’s economic empowerment of women program.