Trade-Related Financial Services > New Zealand

Pacific Private Enterprise Partnership (Pacific PEP)

New Zealand provides support to Pacific PEP, a multi-donor funded initiative managed by the International Finance Corporation (IFC). The primary objective of PEP-Pacific is to improve the business environment for small and medium enterprises by increasing access to finance and stimulating private sector investment through targeted programmes. A major focus of its work has been improving the access of SMEs to financial services, through working with commercial banks and credit unions and helping to establish the Pacific’s first funds manager in Samoa. IFC have aligned all activities in the region under one umbrella, IFC Advisory Services (Pacific). This includes Foreign Investment Advisory Services (FIAS), referred to under “Legal and Regulatory Framework”. Discussions are underway as to what form any continuation of this activity will take in the future. For more information: http://www.ifc.org/ifcext/pacificedf.nsf/Content/Programs

Woman’s World Banking

New Zealand provides support to the Women’s World Banking (WWB) network of microfinance institutions. It has 39 member institutions reaching 24 million clients, 80% of whom are women. Their technical services are aimed at helping the sector reach and impact women and girls. New Zealand has provided funding to support Women’s World Banking to do the following: Undertake research on women’s ability to access and control financial resources in Papua New Guinea and Samoa (partnering with Nationwide Microbank in Papua New Guinea and Women in Business Development, Inc. in Samoa); Host a Regional Forum in Auckland involving representatives of the Pacific microfinance sector and New Zealand and Australian banks to discuss issues facing microfinance institutions in the Pacific and share Best Practice; Provide Senior Management Training to senior management in Micro-Finance Institutions (MFIs) in the Pacific and host a Women in Leadership Workshop; Provide scholarships for two microfinance leaders from the Pacific region to attend WWB’s two senior leadership courses. For more information: http://www.swwb.org/

Pacific Financial Capability Project (MoneyPacific)

The objective of this initiative is increased understanding of and access to financial services and products within the Pacific region, achieving improved financial outcomes for income-poor Pacific peoples and ultimately supporting economic growth. This will be achieved through a targeted financial capability programme, building knowledge of the financial sector in the region and by fostering partnerships with Pacific central banks and Government Departments. Specifically tailored financial education messages will be delivered to Pacific peoples via the radio and printed calendars to improve their financial knowledge, skills and financial behaviors. For more information: http://www.moneypacific.org/pacific-projects/