ADB-Cook Islands Partnership Strategy
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.
The COBP will focus on:
(i) increasing the share of energy supply from renewable energy sources,
(ii) improving internet connectivity by escalating the efficiency of information and communications technology,
(iii) strengthening resilience to natural disasters, and
(iv) improving public sector effectiveness.
ADB will support the government’s commitment to increase the share of energy supply from renewable sources to 50% by 2015 and 100% by 2020 by leveraging additional grant financing and implementing the ADB-financed Renewable Energy Sector Project.
ADB and the government will monitor the growth in demand for internet services following the O3b satellite service introduction and assess whether the demand level will justify the introduction of a cable system in 2019. A coherent and appropriate regulatory framework for telecommunications will need to be implemented.
ADB will support the government’s public service strengthening strategy, including relevant policies, legislative framework, and institutional arrangements needed for public sector and state-owned enterprise reforms.
Through the Private Sector Development Initiative (PSDI), ADB will support private sector development by engaging and exploring opportunities in the financial and telecommunications sectors by 2018.
The Pacific Approach, 2016-2020 serves as ADB's operational framework for the Pacific and the country partnership strategy for the Cook Islands and 10 other smaller Pacific island countries.
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In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.