Private Sector Reforms Benefit Pacific Women

7 May 2013 -- Regional organizations and stakeholders on 1-2 May shared information on initiatives, achievements, and key challenges in women's economic empowerment at the Pacific Women Shaping Pacific Development Forum, hosted by the Australian Government and the Pacific Islands Forum Secretariat.

PSDI Advisor Samantha-Jane Odbert (right) presenting at the forum

Private sector development initiative (PSDI) Advisor Samantha-Jane Odbert presented on business law reform in Pacific developing member countries. She demonstrated how changes to legislation and regulations, with the support of ADB and Australian Aid, led to increased numbers of women as shareholders in businesses, and on state-owned enterprise(SOEs) boards; and a significant decrease in the time it takes to register a business, ultimately contributing to a more level playing field for women in the private sector.

Efforts by ADB and Australian Aid to promote the private sector in the Pacific through the co-financed PSDI have boosted the ease of doing business in the region by modernizing outdated business laws, improving access to financial services, enhancing economic opportunities for women, and improving the efficiency of SOEs.

The PSDI, established by ADB in 2006 with cofinancing from AusAID, is a regional facility that assists 14 Pacific island economies with reforms to remove the constraints to doing business in the Pacific. PSDI’s flexible structure enables it to respond quickly when a reform opportunity arises, while also remaining focused on long-term support.

View the presentation.