Cook Islands and ADB
In the Spotlight
The Cook Islands’ dependence on fossil fuels will be reduced under a project to build solar-powered plants on six of its islands, funded by ADB, the European Union, and the Government of Cook Islands.
ADB-wide sovereign approvals in the Pacific has risen substantially since 2010, reaching almost $1.8 billion in 2013. ADB is assessing and updating the Pacific Approach, which will continue to guide its operations in the region.
The Pacific region is benefitting from stronger links with Asia’s growing economies, and can gain more with targeted policy reforms and investments, according to ADB's Pacific Economic Monitor.
Engaging the private sector through public-private partnerships and privatization improves the performance and service delivery of state-owned enterprises, according to a new report by ADB.
This country brief highlights how ADB operations have helped the Cook Islands weather cyclones and fiscal crises, and contribute to stable economic and social infrastructure.
The Cook Islands is one of the best-performing Pacific island economies. The country enjoys a high standard of health care and education and is well on track to achieving the Millennium Development Goals by 2015.
The country operations business plan (COBP), 2015-2017 for the Cook Islands focuses on infrastructure development, renewable energy and energy efficiency, information and communication technology, public sector management, private sector participation, and capacity development.