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*PORT MORESBY, PAPUA NEW GUINEA*—The Asian Development Bank (ADB) has welcomed a new law making it easier to develop and implement public–private partnerships (PPPs) in Papua New Guinea (PNG). The Public–Private Partnership Act was passed by National Parliament of PNG early this month by a unanimous vote of 67-0. The new Act establishes a Public–Private Partnership Centre to assist the government in developing, tendering and implementing PPPs. ADB provided policy guidance and support in...
*APIA, SAMOA*—Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises (SOEs), according to a new landmark report from the Pacific Private Sector Development Initiative (PSDI). Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, was launched by Asian Development Bank Vice-President Stephen Groff in Apia, Samoa, ahead of the Third International Conference on Small Island Developing States, which opens tomorrow. It was...