30 November 2014

PSDI at the Pacific Women in Business Conference, Nadi 2014

Presentation by Vij Nagarajan, PSDI gender specialist, at the ADB Pacific Women in Business Conference, Nadi, November 2014.

19 November 2014

NEWS RELEASE: Unlocking the value of movable assets is key to Pacific prosperity—new ADB report

KOROR, PALAU (20 November 2014) – Unlocking the value of “movable property” through legal reform and public online registries is key to removing constraints to economic growth and access to finance in developing Pacific island economies, says a new report launched here today by the Pacific Private Sector Development Initiative (PSDI).

Analysis from PSDI, a regional technical assistance facility cofinanced by the Government of Australia, the New Zealand Government, and the Asian Development Bank, notes that obtaining credit is difficult in many of the Pacific’s developing countries. But without broad-based access to finance, investment remains constrained and economic growth potential is wasted.

The solution, say the authors of Unlocking Finance For Growth: Secured Transactions Reform In Pacific Island Economies, lies in borrowers being able secure credit by accessing the value of their movable property: That is, everything owned by an individual or a business excluding land or buildings, such as vehicles, machinery, crops, inventory and accounts receivable.

9 November 2014

ADB and PSDI seek an 'Internal Audit in Banking Expert' for assignment in Timor-Leste

PSDI is seeking to recruit an Internal Audit in Banking Expert in Timor-Leste. The objective and purpose of the assignment is as follows

  • The National Commercial Bank of Timor-Leste (BNCTL), formerly the Institute of  Microfinance Timor-Leste (IMfTL), was granted an unrestricted banking license in July 2011. The bank continues to implement a process to transition into a sustainable, best practice commercial bank, with assistance from the Asian Development Bank (ADB).
  • The assignment will support the commercial transformation of BNCTL desired by the BNCTL Board of Directors by contributing to a strong internal control system. The Government of Timor-Leste and the Board of Directors have requested ADB technical assistance to support the Audit Committee and Internal Audit Department of BNCTL to strengthen the internal audit function.

Deadline for expressions of interest is 17 November 2014, 11:59 PM Manila local time