Cook Islands and ADB
In the Spotlight
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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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Pacific Economic Monitor - December 2017
This latest issue highlights the gains of Pacific developing member countries and the challenges that these countries continue to face including the impacts of climate change.
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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
For almost half a century, the Asian Development Bank (ADB) has been partnering with Pacific developing countries to help them grow and prosper.
Our Work in the Pacific
28th Pacific Developing Member Countries Governors and ADB Management Meeting - Takehiko Nakao
Remarks by ADB President Takehiko Nakao at the 28th Pacific Developing Member Countries Governors and ADB Management Meeting on 2 May 2018 in Manila, Philippines
ADB Signs Agreements to Help Kiribati, Nauru Access High-Speed Internet
ADB today signed agreements to help deliver high-speed internet to Kiribati and Nauru through a submarine cable project.
Projects in the Cook Islands
Proposed
No projects in this category were found.
