42503-023: Economic Recovery Support Program - Subprogram 2 | Asian Development Bank

Cook Islands: Economic Recovery Support Program - Subprogram 2

Sovereign (Public) Project | 42503-023 Status: Closed

ADB is supporting efforts of the Cook Islands to boost economic activity in response to the global financial crisis. The second project under the program will provide further support to the government’s budget priorities and promote public sector reforms and measures to protect the vulnerable and safeguard the country’s fiscal position to promote higher and more inclusive economic growth.

Project Details

Project Officer
Currie, Caroline G. Pacific Department Request for information
  • Cook Islands
  • Loan
  • Public sector management
Project Name Economic Recovery Support Program - Subprogram 2
Project Number 42503-023
Country Cook Islands
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2946-COO: Economic Recovery Support Program - Subprogram 2
Ordinary capital resources US$ 6.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Sector / Subsector

Public sector management / Public expenditure and fiscal management

Gender Equity and Mainstreaming Some gender elements
Project Rationale and Linkage to Country/Regional Strategy
Impact Economic recovery combined with protection of the most vulnerable and the fiscal position
Project Outcome
Description of Outcome The government ensures sustainable budget allocations for needed capital investment and social protection.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Higher capital expenditure by the government.

2. Budget expenditure is aligned with the infrastructure priorities of the NSDP.

3. The most vulnerable members of the community receive targeted support from the government

4. MFEM maintains fiscal responsibility.

5. MFEM communication to the public of economic and fiscal management initiatives

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Currie, Caroline G.
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Subregional Office in Suva, Fiji
Executing Agencies
Ministry of Finance & Economic Management
PO box 120
Cook Islands
Concept Clearance 09 Jan 2012
Fact Finding 05 Dec 2011 to 09 Dec 2011
MRM 29 Feb 2012
Approval 22 Nov 2012
Last Review Mission -
Last PDS Update 11 Jan 2012

Loan 2946-COO

Approval Signing Date Effectivity Date Closing
Original Revised Actual
22 Nov 2012 16 Sep 2013 22 Oct 2013 31 Dec 2013 - 24 Jan 2014
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 6.00 Cumulative Contract Awards
ADB 6.00 22 Nov 2012 5.98 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 22 Nov 2012 5.98 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.

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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.