Business Development Fund
From 2009 to 2015, PIPSO administered the Business Development Fund (BDF), a cost-sharing grant provided by the Government of Japan through the Pacific Island Forum Secretariat (PIFS). Initially established as the Market Development Fund (MDF), the BDF assisted micro, small and medium enterprises (MSMEs) and communitybased organisations with commercial interests to seek co-financing for selfdetermined actions that meet the BDF’s objectives. On a case-to-case basis, to maximize effciency and reach, financing was also provided to groups of entrepreneurs/MSMEs for projects within the gambit of the BDF. The BDF was made available to businesses from 14 Pacific ACP (PACP) countries.
PIPSO-Business Development Fund