Pacific Regionalism and Stronger Regional Institutions: Paving Opportunities for ADFIP Presentation by the Pacific Islands Private Sector Organization (PIPSO) at the 30th ADFIP Annual General Meeting at Sofitel, Nadi, Fiji

About PIPSO……. Pacific region private sector organization whose members comprises of national private sector organizations, chamber of commerce and industry and/or business councils Membership includes 17 Pacific Islands which includes American Samoa, New Caledonia and French Polynesia Established in 2005 – Forum Economic Ministers decision ; operational in 2007 Core functions include -Supporting NPSOs to be strong and responsive organisations - Assisting Pacific businesses to enhance their business competitiveness and growth - Championing the interests of private sector in the appropriate fora’s Ensuring the sustainability of PIPSO’s resources and enhancing its capabilities Since 2010 – disseminate more than FJD 7M in assistance to PS

Pacific Regionalism and Stronger Regional Institutions Opportunities for ADFIP Building a Strong Association Membership – Extend coverage to include other financial institutions Benefits to Members Consultation – national, regional, international Research and Market Intelligences Data Voice of the Financial Institutions in the Pacific Facilitation Regional Policy

Pacific Regionalism and Stronger Regional Institutions Opportunities for ADFIP Lead New Developments in the Economy Initiate new development ideas to tackle challenges in the Pacific Initiate, Facilitate & Collaborate Work is more than just giving out loans Example African Development Bank Tackling Youth Unemployment Create 50 Million Jobs Use an ecosystem approach (integration, innovation & investment) Agriculture, Industrialization & ICT Capital, training & mentoringship, incubators, connection with employers, digital literacy, complex problem-solving curricula in secondary schools develop premier coding academies and match graduates directly with ICT employers

Pacific Regionalism and Stronger Regional Institutions Opportunities for ADFIP Development of MSMEs Important for the Pacific Need for innovative ways to development the sector Need for an ecosystem development approach MSMEs skill and entrepreneurship development: MSMEs Competitiveness Technology development and Transfer Marketing assistance and market information Business financing Small Industrial Development Bank of India (SIDBI) catalyzes MSME start-ups in India set-up an online platform (stakeholders connection, incubators, mentors, angel networks, venture capital, financing options and training) Setting fund for fund start-ups

Pacific Regionalism and Stronger Regional Institutions Opportunities for ADFIP ICT Developments Huge Potential in using ICT Tools Use of mobile applications & drones

Pacific Regionalism and Stronger Regional Institutions Opportunities for ADFIP Intra ACP Funding EU ACP Private Sector Development Strategy Programme Title Indicative Budget Improve the business environment and the development of regional value chains Euro 130M Increase financial inclusion Euro 50M Strengthen Access to financing MSMEs Euro 400M Development of Knowledge Management Euro20M TOTAL Euro 600M

Pacific Regionalism and Stronger Regional Institutions Role ADFIP can play…… Coordination – with PIPSO , PIFSP Secretariat Facilitation – facilitate the work with its members Building Networks – increase membership of Pacific Financial Institutions Spearhead the developments to prepare DFIP to receive the funding

Thank You