News Releases

19 January 2016
New Lending Framework to Enhance Access to Credit in PNG

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.

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15 January 2016
Private Sector Reforms Encouraging Pacific Business, Investment – Report

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

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3 May 2015
PNG Private Sector Assessment: Reforms Key to Realizing Growth Potential

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.

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26 February 2015
ADB Deepens Fiji Partnership with Assistance on Access to Credit

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.

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21 December 2014
Latest PSDI Progress Report Charts Landmark 2014 for Pacific Business Environment

Advances in the business environment in several Pacific island countries mark 2014 as a year of achievement for the Pacific Private Sector Development Initiative (PSDI), according to the latest progress report for the regional technical assistance facility released today.

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1 December 2014
Tonga’s Innovative Online Business Registry Goes Live

The Government of the Kingdom of Tonga launched the region’s first integrated online business registry today, providing up-to-date information on Tongan companies and businesses to the public 24 hours-a-day, 7 days-a-week.

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