24 February 2014

NEWS RELEASE: PNG Business Survey Says Law & Order, Corruption Still Biggest Challenges


PORT MORESBY, PNG, 25 Feb 2014 -- DESPITE improvements in the business environment over the last decade, law and order and corruption remain the most severe constraints to doing business in Papua New Guinea, new analysis from the Asian Development Bank (ADB) reveals.
Drawn from responses from 130 firms surveyed by the PNG Institute of National Affairs (INA), the findings confirm crime – and measures to prevent it -- still contribute significantly to business costs in PNG.
Law and order was found to be the most pressing issue for business and was its highest reform priority. Most of the businesses surveyed reported they had been victims of crime and now employ private security guards and other measures to protect themselves. Confidence in law enforcement was low.
The analysis was undertaken by ADB’s Pacific Private Sector Development Initiative (PSDI) and is captured in a new joint ADB/INA publication, The Challenges of Doing Business in Papua New Guinea, released today in the capital Port Moresby.

New Analysis Captures Challenges of Doing Business in Papua New Guinea

A new ADB/PSDI publication, The Challenges of Doing Business in Papua New Guinea (2014), captures key results from the responses from 130  firms in the 2012 Business Environment Survey conducted by the Papua New Guinea Institute of National Affairs. The analysis provides insights and suggestions for policy makers, and indeed anyone interested in PNG’s development. 
Comparative analysis using data from previous surveys in 2002 and 2007 offers insights into changes in PNG's business environment. These comparisons highlight the impact of the 2011 constitutional crisis, and the acceleration of economic growth since 2007.

3 February 2014

Latest Progress Report charts 7 years of Pacific achievement for PSDI

 Progress Report 2013
THE SIXTH progress report for the Pacific Private Sector Development Initiative (PSDI) marks an important milestone as the Asian Development Bank (ADB) and its bilateral partners, the Australian Government and the New Zealand Aid Program, renewed PSDI for a third phase that will run for 6 years (until June 2019).  A significant increase in funding will allow PSDI build on its success and expand its scope. As PSDI moves into its third phase, this progress report reviews the analytical basis for reform and summarises action on PSDI's core focus areas, initiatives, and reforms to date. The financial data cover the period January 2007 to 30 June 2013.