News Releases

11 October 2024
Cook Islands Launches New International Business Registry to Strengthen AML/CFT Compliance—PSDI

The Cook Islands Financial Supervisory Commission (FSC) has launched a secure and state-of-the-art registry for international entities, developed by the Asian Development Bank’s Pacific Private Sector Development Initiative (PSDI), with support from the Government of Australia.

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1 August 2024
Women’s Business Leadership is Growing in the Pacific, but Significant Gender Gaps Persist

The proportion of women in business leadership in the Pacific is steadily increasing, but persistent barriers slow the ideal rate of progress, according to a new report published today by the Asian Development Bank’s (ADB’s) Pacific Private Sector Development Initiative (PSDI).

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24 July 2024
Cost Savings Will Grow as Renewable Energy Investment Increases—PSDI

Pacific island countries have ambitious targets to increase their investments in renewable energy, which will reduce electricity generation costs and improve supply reliability, according to a new policy paper published today by the Pacific Private Sector Development Initiative.

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14 March 2024
PSDI Launches New Gender-Inclusive Private Sector Framework for the Pacific

There is growing awareness that promoting women’s economic empowerment makes good business sense. Yet legal, regulatory, and policy barriers persist that prevent women’s full participation in the private sector, according to PSDI's new gender-inclusive private sector framework, published today.

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30 January 2024
Introducing innovative financing mechanisms can help improve access to finance for Pacific businesses—PSDI

Innovative Financing Mechanisms, such as small-scale offers regimes and investment-geared crowdfunding, can help bridge the financing gap for small and medium-sized enterprises (SMEs) in the Pacific region, says a new PSDI report.

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23 January 2024
ADB-Supported PPP Framework to Improve Infrastructure Service Delivery in PNG

PORT MORESBY, PAPUA NEW GUINEA (23 January 2024) — The Asian Development Bank (ADB) welcomes a new framework for public–private partnerships (PPPs) in Papua New Guinea (PNG) aimed at unlocking private investment and know-how, and allowing PNG to expand and improve infrastructure service delivery.

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