Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Inclusive Economic Growth in Cook Islands to Improve with ADB Loan

ADB and the Government of Cook Islands have signed the second policy-based loan worth $6 million to boost economic activity in the Cook Islands. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. Read More

Overview

The Cook Islands is among the best performing of the Pacific island economies. However, it relies heavily on tourism - an industry significantly impacted by the global economic crisis - and fiscal management remains a challenge.

ADB's Pacific Approach, 2010-2014, serves as the country partnership strategy (CPS) for the Cook Islands. It seeks to improve economic and social infrastructure and public sector service delivery.

Fast Facts

0.02 (2012)
Population in millions

-10.0% (2010-2012)
Annual population growth rate

28.4% (2006)
Population living below the national poverty line

Fact Sheet

Proposed Projects

5 Sep 2013 46453-002: Renewable Energy Project
View all proposed

Approved Projects

2 Aug 2013 43422-012: Asset Management for Sustainable and Improved Infrastructure Services Delivery
22 Nov 2012 42503-023: Economic Recovery Support Program - Subprogram 2
9 Dec 2011 45269-001: Implementing Public Sector Reforms
View all approved

ADB Lending

Amount ($M) / %
Sector (No. of loans)
0.82 / 1.24
Agriculture (1)
 
2.70 / 4.11
Education (1)
 
6.00 / 9.13
Finance (3)
 
5.00 / 7.61
Public Sector (1)
 
25.61 / 38.98
Transport and ICT (5)
 
2.20 / 3.35
Water Supply (1)
 
23.38 / 35.58
Multisector (6)
 
65.71 / 100.00
TOTAL (18)
Cumulative as of 31 December 2012

Publications

Oct 2013 Asian Development Outlook 2013 Update: Governance and Public Service Delivery

Aug 2013 Climate Change Adaptation in the Pacific Coral Triangle

Aug 2013 Disaster Risk Reduction and Management in the Pacific

View all publications

News Releases

2 Oct 2013 Asia Must Step Up Governance Reforms to Sustain Growth and Development
2 Oct 2013 Developing Asia Slowing Amid Global Financial Jitters
17 Sep 2013 Inclusive Economic Growth in Cook Islands to Improve with ADB Loan
21 Aug 2013 Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report
16 Jul 2013 Challenge for Asia to Maintain Growth Momentum - ADB Report
View all news releases

Featured Project

Promoting Energy Efficiency in the Pacific - Phase 2

Photostream

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