Mission: To facilitate private sector-driven economic growth for the benefit of the region.
Vision: A region of opportunities for all people to grow and prosper.
The Pacific Plan adopted by the Forum Heads of Governments in October, 2005 recognised that regional stability and security would be achieved through economic growth, improved governance and social equity. The importance of the private sector to the sustainable development and growth in the Forum Island Countries (FICs) is recognised by Governments.
This view is reinforced by the outcomes of recent meetings of Forum Leaders in August 2010 in Port Vila, Vanuatu and the Forum Economic Ministers at Alofi, Niue in October 2010.
In April 2007, PIPSO was established through the support of the Pacific Islands Forum Secretariat (PIFS) and the United Nations Development Programme (UNDP). Since the establishment has made significant progress in undertaking work and programmes in the private sector of 15 Pacific Islands countries.
In 2012, the PIPSO Council met in Nadi to review the Strategic Goals set by the Pacific Islands Forum Secretariat in 2007. This was the first time that the members were given the opportunity to analyse PIPSO's past performance and to establish its priorities for the next five years. This Strategic Planning process allowed for their collective contribution, consensus and ownership of the work that PIPSO will be undertaking.