News

27 April 2015
State-owned Enterprise Reform and Public-Private Partnerships

SOEs continue to play an important role in many Pacific island countries.  Many absorb large amounts of scarce capital on which they provide very low returns. While some provide essential public services, many others operate as purely commercial ventures and crowd out the private sector. Reforming SOEs and implementing public-private partnerships (PPPs) creates opportunities for private investment, reduces the costs of doing business and improves basic services by introducing private sector discipline...

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27 April 2015
Pilots to Empower Women and Enhance Prosperity

Under-investment in women, who represent 40% of the world’s labour force but hold just 1% of its wealth, is now widely recognized as an opportunity cost for economic growth and business performance. Women in the Pacific are an enormous potential economic resource who have the capacity to greatly enhance prosperity. Gender equality is recognised as one of the drivers of change in ADB’s Strategy 2020. Since PSDI’s inception in 2007, gender...

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27 April 2015
Competition Issues in the Pacific

“Competition policy” encompasses the range of policies, laws, regulations, decisions, and government actions that aim to promote competitive behavior between business undertakings and rationally address any circumstances in which competition might not be efficient or might conflict with other important social objectives. As such, competition policy forms an important part of national economic policy. Competition policy is an increasingly important theme in PSDI and is now a focus area for activity...

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1 April 2015
Solomon Islands Illustrates Benefits of SOE Reform

The Solomon Islands is leading the Pacific region in its successful reform of state-owned enterprises (SOEs), according to a PSDI report presented in Honiara today. The report, Finding Balance 2014: Benchmarking the Performance of State Owned Enterprises in Island Countries[http://bit.ly/1tbIY0V], shows that in the last 5 years the Government of the Solomon Islands has overseen a 21% turnaround in return on equity from SOEs, turning an average loss of 11% between 2002-2009 into...

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

PSDI 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. Following meetings in January with Fiji’s Attorney-General and Minister for Finance Mr. Aiyaz Sayed-Khaiyum, PSDI will assist the new Secured Transactions Reform Taskforce which held its inaugural meeting here today. The taskforce, which PSDI will assist, brings together representatives from banks, credit unions, microfinance...

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18 February 2015
PSDI Corporate Training Embraced by Solomons Businesswomen

The demand for skilled company directors in Solomon Islands is matched only by the need that they be fully aware of their duties, liabilities, and responsibilities.  Now, a group of enthusiastic Solomon Islands executives, mostly women, have praised a course in Corporate Governance and Management, conducted over the past six months by the Pacific Private Sector Development Initiative (PSDI) and the Solomon Islands Chamber of Commerce and Industry (SICCI).  “I came here to...

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