Cook Islands: COVID-19 Active Response and Economic Support Program

Sovereign Project | 54289-001

The program is part of a coordinated package of Asian Development Bank (ADB) support to mitigate the severe socioeconomic and potential health impacts caused by the coronavirus disease (COVID-19) pandemic by supporting the government's Economic Response Plan (ERP). The program will help the government combat the entry and spread of COVID-19 and provide assistance to vulnerable groups, households, and businesses. This program is critical because the Cook Islands faces significant declines in international tourism and government revenue because of COVID-19.

Project Details

  • Project Officer
    Webb, James M.
    Pacific Department
    Request for information
  • Country
    Cook Islands
  • Sector
    • Public sector management
Project Name COVID-19 Active Response and Economic Support Program
Project Number 54289-001
Country Cook Islands
Project Status Closed
Project Type / Modality of Assistance Grant
Loan
Source of Funding / Amount
Grant: COVID 19 Active Response and Economic Support Programa
New Zealand Grant US$ 9.90 million
Loan 4010-COO: COVID-19 Active Response and Expenditure Support Program
Ordinary capital resources US$ 20.00 million
Loan: COVID 19 Active Response and Economic Support Program
Asian Infrastructure Investment Bank US$ 20.00 million
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Partnerships
Sector / Subsector

Health / Disease control of communicable disease - Health system development

Public sector management / Public expenditure and fiscal management - Social protection initiatives

Gender Equity and Mainstreaming Effective gender mainstreaming
Description The program is part of a coordinated package of Asian Development Bank (ADB) support to mitigate the severe socioeconomic and potential health impacts caused by the coronavirus disease (COVID-19) pandemic by supporting the government's Economic Response Plan (ERP). The program will help the government combat the entry and spread of COVID-19 and provide assistance to vulnerable groups, households, and businesses. This program is critical because the Cook Islands faces significant declines in international tourism and government revenue because of COVID-19.
Project Rationale and Linkage to Country/Regional Strategy The Cook Islands consists of 15 islands with a land area of 67 square kilometers, spread across 2 million square kilometers of the South Pacific Ocean. Almost 80% of the population of 17,434 in 2020 resides in Rarotonga. The shift in economic structure toward tourism since the late 1990s has led to rapid development, with basic needs poverty falling from 28.4% in 2006 to 8.4% by 2016. The Cook Islands is one of the smallest and most remote nations in the Pacific Ocean, with high cost structures and limited natural resources. The economy remains heavily dependent on international trade (including tourism); and future growth is hampered by disproportionately expensive public administration and infrastructure costs, a small population, and high exposure to disaster and climate risks. The Cook Islands is not a member of the International Monetary Fund (IMF) or the World Bank, so it has limited access to external support.
Impact Fiscal and economic impact of COVID-19 mitigated in a manner that does not undermine the government's ability to undertake further fiscal intervention.
Project Outcome
Description of Outcome

Effect of the Program

Adverse impacts of COVID-19 restrictions on the population and businesses reduced

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Health system's COVID-19 response measures strengthened

Livelihoods protected by compensating for economic losses

Economic relief for affected businesses delivered

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
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
Responsible ADB Officer Webb, James M.
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies
Ministry of Finance & Economic Management
Mr. Kevin Carr
PO box 120
Cook Islands
Timetable
Concept Clearance 24 Apr 2022
Fact Finding 11 Aug 2020 to 14 Aug 2020
MRM 22 Sep 2020
Approval 24 Nov 2020
Last Review Mission -
Last PDS Update 19 Mar 2021

Loan 4010-COO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
24 Nov 2020 26 Nov 2020 04 Dec 2020 31 Jan 2021 - 31 Jan 2021
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 20.00 Cumulative Contract Awards
ADB 20.00 18 Nov 2021 21.42 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 18 Nov 2021 21.42 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
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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

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Contracts Awarded

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Procurement Plan

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