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Financial markets in the Pacific are generally underdeveloped, and many people do not have access to basic financial services, especially in rural areas.
Diagnostics of the legal and regulatory structures and other factors influencing the availability of finance are undertaken as part of the Pacific Private Sector Development Initiative's (PSDI) regular private sector assessments (PSAs) of the business environments in Pacific countries. By examining the institutional foundations of financial systems, PSDI identifies and proposes laws and regulatory changes that will facilitate the increased availability of credit on a commercially sustainable basis.
This booklet is part of a series of three-page infographic brochures that provide an overview of the context, aims, and achievements of the Pacific Private Sector Development Initiative (PSDI). One brochure profiles PSDI overall, while the others explain the support PSDI provides under four of its focus areas: business law reform, economic empowerment of women, financing growth, and state-owned enterprise reform.
PSDI is a regional technical assistance facility cofinanced by ADB, the Government of Australia and the Government of New Zealand. Since 2007, PSDI has been helping ADB’s 14 Pacific developing member countries achieve sustainable economic growth through business environment reform.