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.
|Project Name||Economic Recovery Support Program - Subprogram 1|
|Project Type / Modality of Assistance||Loan
|Source of Funding / Amount||
|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||The objective will be the improved delivery of infrastructure related public services.|
|Project Rationale and Linkage to Country/Regional Strategy||The primary objective of the Cook Islands National Sustainable Development Plan (NSDP) 2007 2010 is to build a sustainable future that meets economic needs without compromising prudent economic management, environmental integrity, social stability and the needs of future generations. The NSDP identifies eight goals as priority areas for implementation. Two of these are: (i) an innovative and well managed private sector led economy and (ii) strengthened and affordable basic infrastructure, transport, and utilities to support national development.|
|Impact||The expected impact is to support the environmentally sustainable economic development of the Cook Islands. This is supportive of the Cook Islands' NSDP.|
|Description of Outcome||The outcome will be the improved delivery of infrastructure related public services.|
|Progress Toward Outcome|
|Description of Project Outputs||The outputs will be implementation of specific elements of the IGF to be determined during fact finding but broadly in the areas of directional policy, institutional structures and functions, asset management planning, community service obligations, legislative review, and sectoral review.|
|Status of Implementation Progress (Outputs, Activities, and Issues)|
|Geographical Location||Rarotonga, Cook Islands|
Summary of Environmental and Social Aspects
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|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 ADB Officer||Veve, Emma M.|
|Responsible ADB Department||Pacific Department|
|Responsible ADB Division||Pacific Subregional Office in Suva, Fiji|
Ministry of Finance & Economic Management
Mr. Sholan Ivaiti
P. O. Box 120, Rarotonga, Cook Islands
|Concept Clearance||20 Feb 2009|
|Fact Finding||17 Apr 2009 to 27 Apr 2009|
|MRM||03 Jul 2009|
|Approval||13 Oct 2009|
|Last Review Mission||-|
|PDS Creation Date||22 May 2009|
|Last PDS Update||23 Nov 2009|
|Approval||Signing Date||Effectivity Date||Closing|
|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%|
|Cofinancing||0.00||13 Oct 2009||10.00||0.00||100%|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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.
|Title||Document Type||Document Date|
|Economic Recovery Support Program - Subprograms 1 and 2: Program Completion Report||Project/Program Completion Reports||Sep 2015|
|Amendment to Loan Agreement for Avatiu Port Development Project between Her Majesty the Queen in Right of the Government of the Cook Islands and Asian Development Bank||Loan Agreement (Ordinary Resources)||Sep 2012|
|Loan Agreement for Economic Recovery Support Program - Subprogram 1 between Cook Islands Asian Development Bank Dated 29 October 2009||Loan Agreement (Ordinary Resources)||Oct 2009|
|Economic Recovery Support Program - Subprogram 1||Reports and Recommendations of the President||Sep 2009|
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
|Title||Document Type||Document Date|
|Cook Islands: Economic Recovery Support Program—Subprograms 1 and 2||Validations of Project Completion Reports||Nov 2016|
None currently available.
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.
Requests for information may also be directed to the InfoUnit.