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PSDI presents Innovative Financing Mechanisms in the Pacific policy paper in Papua New Guinea
PSDI’s Financing Growth team recently presented the new policy paper, Innovative Financing Mechanisms in the Pacific, to key stakeholders in Papua New Guinea (PNG), including the Securities Commission of PNG, Bank of PNG, PNG SME corporation (SMEC), and other development partners, capital market actors, superannuation funds, NGOs, and government agencies.
The policy paper investigates how Innovative Financing Mechanisms (IFMs), 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.
During the presentation, stakeholders discussed key issues raised in the policy paper, including:
- how crowdfunding can provide alternative sources of capital for startups and SMEs that may not have access to traditional financing avenues.
- how crowdfunding platforms can offer businesses, entrepreneurs, and SMEs an innovative way to raise funds by accessing a wider audience of investors.
- how government agencies can collaborate with stakeholders to develop tailored regulatory frameworks that balance investor protection in small offerings and crowdfunding, encourage innovation, and foster the growth of crowdfunding and small offers as viable financing options for businesses and entrepreneurs in PNG.
The paper examines the potential benefits and issues of implementing these innovative financing mechanisms in the region and supports PSDI’s work to increase access to finance for businesses across the Pacific. For example, in Fiji, PSDI is supporting the development and implementation of a new bill to establish the necessary foundations for the development of crowdfunding and an SME small offers regime in Fiji.
Top L-R: Ange Kuselley (PSDI, PNG Coordinator), Michelle Bavuudorj (PSDI, Finance Analyst), Jeremy Cleaver (PSDI, Senior Finance Sector Specialist), David Lawrence (PNGX, Chairman), Frank Dunphy (PNGX, Director). Bottom L-R: Priscilla Kevin (PNG Digital ICT Cluster, Cofounder), Jinita Prasad (PSDI consultant and Innovative Financing Mechanisms in thePacific policy paper author), James Joshua (SCPNG, Acting Chairman), and Des Yaninen (Pacifund, CEO).
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