Cook Islands and ADB
In the Spotlight
This private sector assessment for the Cook Islands identifies priority policy areas and recommends the most important, strategic steps that the government should focus on to improve the business environment.
The Te Mato Vai Water Project boosted economic growth in the Cook Islands, though the effect is expected to wane in 2016 as the project nears completion.
The Government of Australia and ADB have established the Pacific Business Investment Facility, an advisory service for Pacific island businesses requiring commercial finance for growth, diversification, or consolidation of their businesses.
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 boasts one of the best-performing economies in the Pacific islands. With a high standard of health care and education, the country is on track to achieve its Millennium Development Goals by 2015. However, the economy remains heavily reliant on tourism, which accounts for approximately 60% of revenues. Officially being citizens of New Zealand, Cook Islanders are free to move to New Zealand and Australia, and expatriation has contributed to a declining population, affecting almost all of the country’s social and economic sectors.
The country operations business plan (COBP), 2016-2018 for the Cook Islands focuses on renewable energy and energy efficiency, information and communication technology, public sector management, private sector participation, and capacity development.
Projects in the Cook Islands
No projects in this category were found.