Cook Islands and ADB
In the Spotlight
ADB will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.
Pacific Energy Update 2019 details how ADB is helping its Pacific developing member countries undertake a structural shift away from fossil fuel-based energy sources and towards renewables. Read more
乐动体育注册The 2019 growth forecast for the Pacific subregion has been raised from 3.5% to 4.2%, driven mainly by higher liquefied natural gas production in Papua New Guinea and increased construction expenditure in Samoa and Solomon Islands, as well as lower-than-projected economic decline in Nauru.
However, project delays in Papua New Guinea, tepid growth in some economies, and slower recovery in others will likely moderate subregional growth to 2.6% in 2020. Read more in the latest Pacific Economic Monitor
ADB's Board of Directors has approved a $15 million loan for an internet submarine cable project to connect Rarotonga and Aitutaki in the Cook Islands.
乐动体育注册The Cook Islands consists of 15 small islands dispersed over 1.8 million square kilometers of the South Pacific Ocean.
Tourism is the country’s leading source of revenue, accounting for around 60% of gross domestic product, ahead of offshore banking, pearl farming, marine industry, and fruit exports. The Cook Islands is highly vulnerable to external economic shocks, especially falls in tourism, and is prone to natural disasters, particularly cyclones.
ADB's country operations business plan (COBP) for the Cook Islands is aligned with ADB’s Pacific Approach乐动体育注册, 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.
Projects in the Cook Islands
乐动体育注册No projects in this category were found.
- Disaster Resilience Program (Phase 2)
- Pacific Private Sector Development Initiative, Phase IV
- Pacific Region Infrastructure Facility Coordination Office-Leveraging Infrastructure for Sustainable Development
- Preparing the Pacific Renewable Energy Investment Facility (Phase 2)
- Pacific Renewable Energy Program