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
ADB Approves Plan to Expand Presence in Pacific
ADB is expanding its presence in 11 Pacific island countries to enhance the impact of its growing program of assistance in the subregion.
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, according to a new ADB report.
This issue highlights the economic prospects of the Pacific developing member countries (Pacific DMCs) and stresses the importance of improving the quality and access to basic and sustainable utilities in the Pacific DMCs.
Pacific Economic Monitor - July 2018
Projects in the Cook Islands
Approved/Active
- 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
- Capacity Building and Sector Reform for Renewable Energy Investments in the Pacific
Funding Information
Source: ADB and the Cook Islands: Fact Sheet.
View on the Data Library