IFC mulls how to make the Pacific more viable for investment

IFC’s Regional Vice President for Asia and Pacific Nena Stoiljkovic (left), discusses strategies to support Pacific development at the Development Policy Centre in Canberra on Aug. 23. Photo by: Lisa Cornish / Devex

CANBERRA – Political barriers and the costs of doing business have long dissuaded private sector investment in the Pacific. But the International Finance Corporation has vowed a renewed focus on the region as part of their commitment to conduct 30 percent of their work in fragile and conflict-affected countries.

While in Canberra on Aug. 23 to meet with the Department of Foreign Affairs and Trade and the Australian Treasury, IFC’s Regional Vice President for Asia and Pacific Nena Stoiljkovic discussed strategies to support the Pacific region with the Development Policy Centre.

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About the author

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    Lisa Cornish

    Lisa Cornish is a Devex Reporter based in Canberra, where she focuses on the Australian aid community. Lisa formerly worked with News Corp Australia as a data journalist for the national network and was published throughout Australia in major metropolitan and regional newspapers, including the Daily Telegraph in Melbourne, Herald Sun in Melbourne, Courier-Mail in Brisbane, and online through news.com.au. Lisa additionally consults with Australian government providing data analytics, reporting and visualization services. Lisa was awarded the 2014 Journalist of the Year by the New South Wales Institute of Surveyors.