Cook Islands and ADB
In the Spotlight
ADB’s interventions in the Pacific should help countries reduce the high cost of doing business and providing services, develop capacity to manage risks from economic shocks, natural disasters, and climate change, as well as promote the creation of competitive high value-added goods and services.
Tourist arrivals declined slightly in the Cook Islands, where the tourism receipts-to-GDP ratio is about 60%. However, higher revennues from fishing license fees, fines for illegal fishing, and increased grants boosted fiscal resources. Download the latest Pacific Economic Monitor
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.
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.