Emerging EconomiesTrends-challenges-risks-potential solutions

Terry ReidBusiness Law Reform Advisor

Pacific Private SectorDevelopment InitiativeAuckland, March 2013

Sovereign nations in the Pacific

•ADB / Australian AID funded programme covering 14 Pacific developing countries

•Business Law Reform (registries)

•Access to Finance (registries)

•State-Owned Enterprise Reform

•Removing barriers to private sector development

Pacific Private Sector Development Initiative

•Detailed analysis – Private sector assessments

•Consultation – private/public dialogue

•Technology solutions and implementation

The Process of Reform

•Secured Transactions registries

•FSM, RMI, Vanuatu, Solomon Islands, Tonga

•Company Registries

•Solomon Islands, Samoa

•Other registries

The Results

•Reform Fatigue

•Country buy-in

•Political instability

•Donor inputs

•Law v Implementation – technology

•Judicial and Lawyer Capacity Building

Factors which impact results