Pacific Organisations Agree to Formally Collaborate

November 11, 2015

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Suva, Fiji – The Pacific Islands Private Sector Organisation (PIPSO) has signed a Memorandum of Understanding (MOU) with the Pacific Business Investment Facility (BIF) to support collaborative efforts in supporting the growth of business development in the Pacific, particularly with small and medium enterprises (SMEs).

The BIF is a regional facility supported by the Government of Australia and the Asian Development Bank (ADB). It works directly with businesses who are seeking to expand or diversify by providing technical expertise to assist them in accessing finance.

“We look forward to this partnership particularly as we at PIPSO, with our members, are directing greater focus on SME development, and recognising that this programme has the potential of enhancing Pacific businesses and their competitiveness” says Mereia Volavola, CEO of PIPSO.

Denise Aldous, Facility Manager of BIF, said “this collaboration is very welcome as it will enable both organisations to work together to benefit the private sector in the region. The two programs offer complementary services which will be able to support small and larger businesses.”

BIF initially started its support in Papua New Guinea, Fiji, the Solomon Islands, Vanuatu and Tonga and will gradually expand to other Pacific countries.

More information about the Facility and the eligibility criteria for the businesses it may support can be found at www.bifadb.organd for information about PIPSO, you may contact Alisi Tuqa, Programme Officer on alisit@pipso.org.fj or visit www.pipso.org.fj