Pacific Private Sector Development Initiative: Progress Report 2013-2014

By Asian Development Bank

Since 2006, the Pacific Private Sector Development Initiative (PSDI) has worked to alleviate poverty and promote growth in the Pacific region through reforms that encourage private sector investment and entrepreneurship. This report describes developments and progress for PSDI Phase III's first year, and covers the period July 2013 to end-June 2014. PSDI is a regional technical assistance facility cofinanced by the Asian Development Bank, the Government of Australia, and the New Zealand Government.

• Language: English
• Publisher: Asian Development Bank
• Release date: Dec 1, 2014
• ISBN: 9789292548360

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PACIFIC PRIVATE SECTOR DEVELOPMENT INITIATIVE

PROGRESS REPORT 2013–2014

© 2014 Asian Development Bank

All rights reserved. Published in 2014.

Printed in the Philippines.

ISBN 978-92-9254-835-3 (Print), 978-92-9254-836-0 (e-ISBN)

Publication Stock No. RPT146723-2

Cataloging-in-Publication Data

Asian Development Bank.

Pacific private sector development initiative: progress report 2013–2014.

Mandaluyong City, Philippines: Asian Development Bank, 2014.

1. Economic growth. 2. Pacific. I. Asian Development Bank.

The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.

ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use.

By making any designation of or reference to a particular territory or geographic area, or by using the term country in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

ADB encourages printing or copying information exclusively for personal and noncommercial use with proper acknowledgment of ADB. Users are restricted from reselling, redistributing, or creating derivative works for commercial purposes without the express, written consent of ADB.

Note:

In this publication, $ refers to United States dollars, unless otherwise stated.

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Paul Holden and the Pacific Private Sector Development Initiative management team wrote this report, with statistical analysis by Melissa Dayrit. The report was prepared under the supervision of Andrea Iffland and Hayden Everett of the Asian Development Bank (ADB) Pacific Liaison and Coordination Office in Sydney, Australia. Samantha-Jane Odbert edited this publication. It was produced by the Pacific Private Sector Development Initiative, a regional technical assistance facility cofinanced by ADB, the Government of Australia, and the New Zealand Government. This publication does not necessarily reflect the views and policies of either government.

CONTENTS

FIGURES AND BOX

Figures

Box

ABBREVIATIONS

FOREWORD

This is the Pacific Private Sector Development Initiative’s (PSDI) seventh progress report, and covers the period 1 July 2013 to 30 June 2014. PSDI is a regional technical assistance facility, cofinanced by the Asian Development Bank (ADB), the Government of Australia, and the New Zealand Government. PSDI works with governments, companies, and private sector organizations to improve the enabling business environment in ADB’s Pacific developing member countries (DMCs).

PSDI’s structure and longevity are a powerful force for promoting inclusive growth that contributes to poverty alleviation in Pacific DMCs. I am delighted that PSDI-sponsored reforms have resulted in some Pacific DMCs being identified as among