30 August 2014

What has PSDI been doing in its core focus areas across the Pacific?

PSDI works across 5 Core Focus Areas:

  • Financing Growth
  • Business Law Reform
  • State-Owned Enterprise (SOE) and Public-Private Partnerships
  • Economic Empowerment of Women
  • Competition Policy and Consumer Protection
Click on the images below to view or download the August 2014 Focus Area Update.
To access PSDI's latest Country Activity Updates click here: Pacific Developing Member Countries
Request a PDF of any PSDI document by emailing us at info@adbpsdi.org

NEWS RELEASE: "Finding Balance 2014" -- Latest edition of PSDI's landmark report launched in Apia Samoa

APIA, SAMOA (30 August 2014) – 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 produced by PSDI, a regional technical assistance facility cofinanced by the Government of Australia, the New Zealand Government, and ADB.

“The study reflects ADB’s ongoing commitment to economic development in our member countries, an important element of which is continued thought leadership on SOE reforms," said Vice-President Groff,  "Reforming the SOE sector is vital as it improves basic service delivery, reduces the costs of doing business, and creates opportunities for private investment.”

20 August 2014

Boost in business startups to greet passage of Solomons Business Names Act

National Parliament of the Solomon Islands
HONIARA, SOLOMON ISLANDS – The Asian Development Bank (ADB) has welcomed a new law making it easier to register businesses in the Solomon Islands. ADB provided policy guidance and support in drafting of the legislation which is part of wider reforms to regulatory frameworks for businesses in the Pacific.

“The new law will improve and streamline the business name registration process which will encourage more people to start up and register their small businesses,” said Andrea Iffland, Regional Director of ADB’s Pacific Liaison and Coordination Office in Australia. “By becoming formal businesses, they will have greater access to finance and to markets which will ultimately boost private sector growth.”

The new Registration of Business Names Act 2014 will save small business owners time and money as they will no longer have to travel often vast distances to register their businesses. Instead, an online registry will be established allowing small business owners to file their business names online from their home or local area. This registry will align with the online companies register Company Haus, an ADB-supported project which in 3 years of operation has helped to spur a significant increase in new registered businesses.