42503-013: Economic Recovery Support Program - Subprogram 1 | Asian Development Bank

Cook Islands: Economic Recovery Support Program - Subprogram 1

Sovereign (Public) Project | 42503-013 Status: Closed

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 Details

Project Officer
Veve, Emma M. Pacific Department Request for information
  • Cook Islands
  • Loan
  • Public sector management
Project Name Economic Recovery Support Program - Subprogram 1
Project Number 42503-013
Country Cook Islands
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2565-COO: Economic Recovery Support Program - Subprogram 1
Ordinary capital resources US$ 10.00 million
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.
Project Outcome
Description of Outcome The outcome will be the improved delivery of infrastructure related public services.
Progress Toward Outcome
Implementation Progress
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
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
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
Executing Agencies
Ministry of Finance & Economic Management
Mr. Sholan Ivaiti
[email protected]
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

Loan 2565-COO

Approval Signing Date Effectivity Date Closing
Original Revised Actual
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%
Counterpart 0.00 Cumulative Disbursements
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.

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 Project Performance Evaluation Reports Jun 2017
Cook Islands: Economic Recovery Support Program—Subprograms 1 and 2 Validations of Project Completion Reports Nov 2016

Related Publications

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.


No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.