SYDNEY, AUSTRALIA – Further reforms to Solomon Islands business environment are needed to attract investment that will diversify the economy and grow the private sector, according to an Asian Development Bank (ADB) report released today.
SYDNEY, AUSTRALIA – More businesses will soon be able to access credit in Papua New Guinea (PNG) following the activation of an online registry that enables lenders to easily accept moveable property, such as vehicles, machinery or stock, as collateral.
PORT MORESBY, PAPUA NEW GUINEA – An online registry launched today will allow Papua New Guinea (PNG) lenders to readily accept moveable property such as vehicles, machinery, or stock as collateral for loans, making it easier for many businesses to access credit.
SYDNEY, AUSTRALIA – A significant and increasing number of reforms supported by the Pacific Private Sector Development Initiative (PSDI) are resulting in legislative and structural changes that encourage investment and entrepreneurship across the region, according to PSDI’s Annual Progress Report
A new PSDI report released today finds that 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.
The Asian Development Bank (ADB) is deepening its re-engagement with Fiji, partnering with the government to improve access to credit and to secure a stronger financial sector through secured transactions reform.