Development News

Development News

Press release: The Cook Islands leading the way in the region for access to the Green Climate Fund Readiness Support

CCCI Brilliant Resilient CKI

The Ministry of Finance and Economic Management (MFEM) and the Green Climate Fund National Designated Authority (NDA) Office of the Prime Minister are extremely pleased to announce that the Cook Islands Government have been approved approximately USD $700,000 from the Green Climate fund to carry out readiness activities for a period of 24 months.

The Cook Islands was the first country in the Pacific region and the first Small Island Developing State (SIDS) to receive readiness funding to strengthen capacity to access finance through GCF in March 2016.

The Cook Islands were granted readiness funding of USD $150,000 last year to carry out activities to strengthen the capacity of (NDA) OPM and MFEM. The readiness programme supported two local consultancy roles, the NDA consultant within the OPM and the Climate Change programme manager within the Development Coordination division of MFEM.

The Green Climate Fund provides early support for readiness and preparatory activities to enhance country ownership and access to the fund.

Readiness and preparatory support activities are not one-off measures, but part of an ongoing process to strengthen a country’s engagement with the Fund. GCF focuses its readiness support on particularly vulnerable countries, including Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.

The Development Coordination Division of MFEM have been working tirelessly with the Climate Change Cook Islands division of OPM on this second readiness programme since September 2016 and were happy to receive confirmation that the second Readiness Project has now been approved by the GCF to continue to strengthen the NDA and MFEM, in developing strategic frameworks for engagement with the GCF, including the preparation of country programmes and progress towards Direct Access accreditation and programme development.

The process has been challenging however it has been a good opportunity to build capacity and familiarization with GCF processes. The activities under the second readiness programme will look to continue to build capacity and strengthen the NDA, strengthen national systems to assist the MFEM in becoming accredited to the Green Climate Fund and finally to develop Cook Islands develop a County Programme of climate change proposal ideas.

MFEM are also pleased to announce that a formal National Implementing Entity accreditation application has been submitted to the Green Climate Fund for consideration. Direct access to climate finance remains a high priority for the Government.

The Cook Islands Government wish to extend their greatest appreciation and gratitude to the Green Climate Fund secretariat for continuing to support the nation in our journey to become an accredited entity.

PHOTO: Participants from last years’ Brilliant Resilient Workshop on Climate and Disaster Risk Management Action

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Request Expressions of Interest for Technical Assistance for the review of the national Te Tarai Vaka Activity Management System

The Development Coordination Division of the Ministry of Finance and Economic Management (MFEM) seeks a suitably qualified individual or company to provide services to review the Cook Islands Te Tarai Vaka Activity Management System.

The assignment will commence in February 2017.

The TA role includes:

  • Reviewing the TTV system and developing a proposed plan to address gaps in TTV system.
  • Simplify current TTV templates
  • Conduct training on the TTV system to DCD and government agencies identified.
  • Developing user friendly visual material to strengthen awareness of TTV

Download the Terms of Reference (TOR) below:

 - TOR_Technical Assistance for TTV Activity Management System Review

Please submit your CV and an application outlining your approach to meeting the TOR (no more than 2-3 pages long).

Email: lavinia.tama@cookislands.gov.ck  Ph: +682 29511.

EOI Closes: 3pm Tuesday 7th February 2017 (Cook Islands Time). 

Media Release - January Price Order

16 January 2017                                                                      

The Price Tribunal has today issued the January Price Order 01/2017 for Rarotonga and all islands (excluding Aitutaki) reflecting a small reduction in price for petrol and increases in the price of diesel and LPG for Rarotonga consumers. The Price Order also implements changes to the Pa Enua price margins for petrol and diesel.

There is a 3 cent per litre decrease in the maximum wholesale and retail prices for petrol on Rarotonga, and a 7 cent per litre increase for diesel and an 18 cents per kg increase in LPG. The maximum retail price that petrol can be sold to the public on Rarotonga is $2.05 cents per litre, $1.98 per litre for diesel and $3.97 per kg for LPG.

“The price increases for diesel and LPG were expected and reflect what we have seen with global price movements over November and December,” stated Price Tribunal President, Tatiana Burn. “Further price increases are to be expected as new arrangements between oil producing countries to cut production levels will result in higher prices at the global level.

“The Price Tribunal has for the past several months been reviewing the Pa Enua margins recognising that the pricing margins used in the Price Order were outdated and not reflective of the actual costs to supply fuel in the Pa Enua,” stated Burn. “This has led to widespread non-compliance by retailers in the outer islands who have consistently ignored the prices set.

“The Price Tribunal has spent a great deal of effort working with Island Governments, retailers in the Pa Enua and domestic shipping companies in reviewing pricing practices, council charges and freight costs. 

While the LPG margins to the Pa Enua are still under review, the Price Tribunal has now implemented increases to the Pa Enua margins for petrol and diesel. This has resulted in increases in the maximum retail prices to the southern group of $2.87 for petrol and $2.80 for diesel. The maximum retails prices that can be charged in the northern group are $3.02 for petrol and $2.95 for diesel.”

The new prices will take effect from 16 January 2017 and will remain in force for the next two months until the next price order is issued in March 2017. Price inspections will be carried out and breach orders will be issued where there is non-compliance.

Consumers should expect to see the new prices clearly displayed at service stations for these price controlled products. Service stations are obligated to ensure that the new prices come into immediate effect. 

Full details of the new prices are contained in the new published price order and can also be accessed by contacting the Consumer Division of the Ministry of Internal Affairs.

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Contact:
pricetribunal@cookislands.gov.ck
Ministry of Internal Affairs