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Engaging the private sector through public-private partnerships and privatization can improve the performance and service delivery of state-owned enterprises (SOEs), according to a new PSDI report. Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, will be launched in PNG at a breakfast today hosted by the Port Moresby Chamber of Commerce. “When SOEs operate commercially, they reduce the costs of doing business, create opportunities for private investment,...
Ms. Serah Obed, Acting Commissioner, Vanuatu Financial Services Commission (left) and Ms. Nancy Wells, ADB's Development Coordinator in Vanuatu, share a handshake in Port Vila yesterday at the signing of an MOU committing their organisations to work together to build what will be the Pacific's "most comprehensive suite of electronic business registries". After working together to achieve business law reform, PSDI and Vanuatu’s financial services regulator have agreed to build online business registries that will lower costs, boost transparency,...
Vanuatu’s policymakers and private sector representatives will learn this week how a broad-based state-owned enterprise (SOE) reform program is crucial to improving the poor performance and service delivery of the country’s SOEs. It is one of the key findings of the new PSDI report, Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, to be presented in Port Vila this week as PSDI continues to work with the Government...
*PORT MORESBY, PAPUA NEW GUINEA*—Asian Development Bank (ADB) Vice-President Lakshmi Venkatachalam arrived today in Port Moresby, Papua New Guinea (PNG), where she will meet with senior government officials for discussions on ADB’s support for private sector development in PNG. “ADB is working with the Government of PNG to promote inclusive growth by upgrading and investing in renewable energy and transport infrastructure,” said Ms. Venkatachalam. “As the government’s largest partner in infrastructure,...
*PORT MORESBY, PAPUA NEW GUINEA*—Asian Development Bank (ADB) Vice-President Lakshmi Venkatachalam arrived today in Port Moresby, Papua New Guinea (PNG), where she will meet with senior government officials for discussions on ADB’s support for private sector development in PNG. “ADB is working with the Government of PNG to promote inclusive growth by upgrading and investing in renewable energy and transport infrastructure,” said Ms. Venkatachalam. “As the government’s largest partner in infrastructure,...
PSDI 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 drafting the legislation, which is part of...