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Annual Report 2003 : Moving the Poverty Reduction Agenda Forward: Priorities and Outcomes : The Pacific

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Cook Islands

Strategy and Policy Dialogue.
The strategy focused on building sustainable capacity for sound economic and public sector management and improving public infrastructure to support private sector growth. The program emphasized building public sector management capacity by improving planning capability and cost control.

Tourism has underpinned the country’s economic growth in recent years. The Government encouraged diversification into fisheries in 2003 while also helping local black pearl production to be more competitive. ADB’s medium-term strategy also sought to improve public services by streamlining government planning and execution and by aligning resources with performance objectives.

Policy dialogue focused on continued growth through economic diversification and promoting good governance in the public sector. ADB also supported better environmental management through capacity building for monitoring and regulating the environment especially in the outer islands.

Loans and Technical Assistance.
No loans were approved. Two advisory technical assistance projects totaling $650,000 were approved.

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