Doing business in the Pacific is hard...
...due to outdated company laws, underdeveloped financial markets, inefficient state-owned enterprises, inadequate competition, and barriers that prevent women from participating fully in the economy. PSDI helps governments and the private sector to overcome these challenges, setting Pacific countries on the path to sustainable, inclusive economic growth.PSDI is a regional technical assistance facility cofinanced by the Asian Development Bank and the Governments of Australia and New Zealand. In operation since 2007, PSDI entered its third funing phase in 2013. PSDI works with ADB's 14 Pacific developing member countries, such as Solomon Islands, Samoa, Tonga and Papua New Guinea, helping reform the business environment, remove the constraints to doing business, foster entrepreneurship and new business models, remove barriers to women's participation in business, and help the private sector to formalise and grow their businesses; to create jobs, pay taxes, and lift people out of poverty.