New legislation and regulations being introduced in the Pacific region are helping women entrepreneurs overcome barriers to setting up businesses and accessing credit. An article in the most recent Pacific Economic Monitor explores how women in the Pacific are helping shape the private sector.
Through the Pacific Private Sector Development Initiative (PSDI) cofinanced by AusAID, ADB is helping countries in the Pacific region reform their business environments to make it easier for the private sector to conduct business, grow, and create jobs. A vibrant private sector is critical to sustained growth in the Pacific and can play an innovative role in overcoming obstacles to development. PSDI's initiatives are demand and need-structured, so the benefits of economic growth are spread throughout the economies in the region.