UNCDF has been present in Papua New Guinea since 2008, helping meet its development challenges through a combination of local development and access to finance initiatives.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
Through Financial Inclusion Practice, UNCDF is jointly implementing Pacific Financial Inclusion Programme (PFIP) with the UNDP, increasing the number of low-income customers who adopt formal financial services. PFIP aims to add one million Pacific Islanders to the formal financial sector by 2019 by supporting policy and regulatory initiatives, funding innovation with financial services and delivery channels, disseminating market information, and empowering consumers.
The primary countries of focus of PFIP are Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu. PFIP operates from the UNDP Pacific Office in Suva, Fiji and has offices in Papua New Guinea, Samoa and Solomon Islands. For more information visit www.pfip.org.