29 May 2015

PSDI delivers keynote address at Timor-Leste public-private roundtable

PSDI Financing Growth Team Leader Peter Dirou delivers the
keynote address at a Timor-Leste roundtable event examining
challenges facing the country’s private sector.
Peter Dirou, PSDI’s Financing Growth Team Leader, was keynote speaker at a high-level, private sector development roundtable in Timor-Leste on May 27.

The meeting sought to deepen dialogue between the Timor-Leste Government and the private sector to identify, and address, challenges to market-based growth. It was welcomed by PSDI, which recommends such an initiative in its soon-to-be-published Timor-Leste private sector assessment, ‘Growing the Non-Oil Economy’.

Peter discussed the role of the state in supporting private sector development on finance and introduced the key findings of Growing the Non-Oil Economy.

"The task is to identify the critical issues that have to be addressed for businesses—both national and foreign—to invest or increase their investment in Timor-Leste," said Peter.

"The solutions to challenges identified should not be rooted in new incentives offered by government, but rather in reducing uncertainty, clarifying the ‘rules of the game’, and improving the environment in which businesses operate.
The event was attended by 120 public and private sector
representatives as well as the Prime Minister, four other
Ministers and the President of the Chamber of Commerce

"Ultimately, it’s about being very clear about the role of the government and the role of the private sector and how each will contribute to improving the lives of your people."

Other speakers included Prime Minister Rui Maria de Araujo, Planning and Strategic Investment Minister Xanana Gusmao, the President of the Chamber of Commerce and Industry Oscar Lima, and the event’s host, Minister of State and Coordinator of Economic Affairs, Esanislau da Silva. Two other government ministers and 120 private and public sector representatives attended.

Click here to view Peter's presentation on the findings and recommendations of PSDI's private sector assessment of Timor-Leste. 

3 May 2015

PNG private sector assessment: Reforms key to realizing growth potential

PORT MORESBY, PAPUA NEW GUINEA (4 May 2015)Further efforts to develop the private sector are needed for Papua New Guinea (PNG) to realize its potential for economic development and secure its progression to a diversified economy, according to a PSDI report released today.
The report, Buildinga Dynamic Pacific Economy: Strengthening the Private Sector in Papua New Guinea, analyzes the complex environment affecting private sector businesses in the country, identifies the main constraints to private sector growth, and recommends policy adaptations. It was launched by Paul Holden, Lead Economist with PSDI, at a breakfast hosted by the PNG Chamber of Commerce and Industry at the Royal Papua Yacht Club in Port Moresby.
“The potential for the private sector to contribute to inclusive, broad-based and sustainable growth in PNG is very high,” said Andrea Iffland, Regional Director of ADB’s Pacific Liaison and Coordination Office in Sydney. “The recommendations arising from our analysis could help the PNG government sustain the remarkable growth of the past 8 years well into the coming decades, and ensure that future resource exports benefit the entire economy.”
To help make PNG a safer, more productive and easier place to do business, the report offers recommendations on investments in infrastructure, reforms to essential services delivery, ways in which PNG can improve access to finance for business, and efforts to improve safety in personal and business transactions. Its analysis of PNG’s business environment discusses how the broader economy can adapt to the effects of the natural resource boom, and suggests policies that can assist businesses in the non-resource sector.
The launch of Building a Dynamic Pacific Economy was
attended by a wide selection of PNG's private sector,
government and media.
The PNG private sector assessment (PSA) is an integral part of the recently approved PNG Country Partnership Strategy 2016-2020, which is ADB’s primary planning instrument for the country.