Cook Islands: Economic Recovery Support Program - Subprogram 1

Sovereign Project | 42503-013 Status:

Summary

ADB is providing budget support to help the Cook Islands cope with the impact of the global financial crisis. The program will enable the government to kick-start the economy through increased spending on badly needed infrastructure.  It will also strengthen fiscal management and social welfare policy.

Latest Project Documents

Consulting Notices See also: CMS

No notices are currently available for this project.

Procurement Notices See also: Operational Procurement

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Procurement Documents

None currently available.


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Project Name Economic Recovery Support Program - Subprogram 1
Project Number 42503-013
Country Cook Islands
Project Status
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2565-COO: Economic Recovery Support Program - Subprogram 1
Ordinary capital resources US$ 10.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Infrastructure finance and investment funds

Health - Health insurance and subsidized health programs

Public sector management - Economic affairs management - Public expenditure and fiscal management

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Rarotonga, Cook Islands

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services The program loan will not finance consulting services. The existing TA 7022 COO has provided initial support to program implementation through development of the IGF, including a detailed, scheduled and fully costed, action plan for its implementation. This will facilitate timely attainment of the tranche conditions
Procurement The policy based program loan contains no procurement. A negative list will be constructed.

Responsible Staff

Responsible ADB Officer Emma Veve
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Subregional Office in Suva, Fiji
Executing Agencies
Ministry of Finance & Economic Management
Mr. Sholan Ivaiti
cifinsec@mfem.gov.ck
P. O. Box 120, Rarotonga, Cook Islands

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
PDS Creation Date 22 May 2009
Last PDS Update 23 Nov 2009

Loan 2565-COO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
13 Oct 2009 29 Oct 2009 26 Mar 2010 31 Mar 2010 - 31 Mar 2010
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 10.00 Cumulative Contract Awards
ADB 10.00 13 Oct 2009 10.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 13 Oct 2009 10.00 0.00 100%

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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