Cook Islands and ADB
In the Spotlight
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Utilities Reform Needed for Better Service Delivery in the Pacific — ADB
Investments in basic services must be complemented by policy and regulatory reforms as well as capacity development to support a shift towards more commercially viable utilities in the Pacific, says the latest issue of the ADB Pacific Economic Monitor.
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Uncertainties Delaying Economic Recovery in the Pacific
Growth in the Pacific is expected to remain weak in 2018, as economic and political uncertainties, fiscal challenges, and natural disasters hold back some of the region’s larger economies. The Cook Islands’ economy is expected to expand by 3.5% in 2018, says a new ADB report.
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ADB, New Zealand Support High-Speed Internet for Cook Islands
ADB's Board of Directors has approved a $15 million loan for an internet submarine cable project to connect Rarotonga and Aitutaki in the Cook Islands.
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Cook Islands: Investing in a Sustainable Future
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 consists of 15 small islands dispersed over 1.8 million square kilometers of the South Pacific Ocean.
Tourism is the country’s leading source of revenue, accounting for around 60% of gross domestic product, ahead of offshore banking, pearl farming, marine industry, and fruit exports. The Cook Islands is highly vulnerable to external economic shocks, especially falls in tourism, and is prone to natural disasters, particularly cyclones.
The ADB country operations business plan (COBP), 2017-2019 for the Cook Islands is aligned with ADB’s Pacific Approach 2016-2020, which guides ADB’s operational assistance in the Pacific and serves as the country partnership, with an emphasis on reducing costs, managing risks, and enabling value creation.
Latest
Eleven (11) Small Pacific Island Countries: Country Operations Business Plan (2019-2021)
In line with the Pacific Approach, the country operations business plan for 2019−2021 takes a multicountry approach to identify common development challenges and opportunities for operational efficiencies across the 11 small Pacific island countries.
New ADB Regional Director to Focus on Infrastructure, Private Sector Development
Mr. Masayuki Tachiiri has assumed office as Regional Director of ADB's Pacific Subregional Office in Suva.ADB Lowers 2018 Growth Forecast for Pacific, Sees Recovery in 2019
ADB forecasts economic growth of 1.1% in the Pacific subregion in 2018, down from earlier forecasts due to disaster-related challenges and declines in public spending.
Projects in the Cook Islands
Proposed
No projects in this category were found.
Approved/Active
- Asian Development Outlook 2019–2021
- Pacific Information and Communication Technology Investment Planning and Capacity Development Facility (Phase 2) - Information and Communication Technology Sector Assessment in the Pacific DMCs (Subproject 2)
- Enhancing ADB’s Support for Social Protection to Achieve the Sustainable Development Goals
- Pacific Information and Communication Technology Investment Planning and Capacity Development Facility (Phase 2) - Feasibility Assessment for e-Government Rollout in the Pacific Developing Member Countries (Subproject 1)
- Improving Internet Connectivity for the South Pacific Project
Funding Information
Source: ADB and the Cook Islands: Fact Sheet.
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