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ADB, Cook Islands sign $80 million financing to support economic recovery

ADB, Cook Islands sign $80 million financing to support economic recovery
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$101 Million ADB, New Zealand Program to Support Cook Islands Economic Recovery

The Asian Development Bank will provide an $80 million loan and the Government of New Zealand a $21 million grant to help Cook Islands’ economy transition from recovery to sustainable, private sector-led growth.

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ADB and New Zealand support Cook Islands economic recovery

“The Cook Islands’ nascent economic recovery could unwind if further impacts from the pandemic delay the revival of its tourism industry,” said ADB Public Sector Economist and program team leader James Webb.

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Pacific scoop co nz » $101 Million Adb, New Zealand Program To Support Cook Islands Economic Recovery

Pacific Scoop provides news and views from the Pacific and New Zealand

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