Financial Secretary Office News

Financial Secretary Office News

ADB Macroeconomic Assessment Report – June 2013

The Cook Islands is currently not a member of the International Monetary Fund (IMF) or the World Bank. As such, the Government cannot benefit from the monitoring and associated provision of policy advice provided by these bodies which are intended to identify and address weaknesses that could lead to financial or economic instability in member countries. With no recourse to this sort of scrutiny, in late 2012, the Cook Islands approached the Asian Development Bank (ADB) to undertake a macroeconomic assessment of the country, with particular reference to economic growth and fiscal and debt sustainability.

This Independent report is now publicly available here:

pdfCook_Islands_Macroeconomic_Assessment_June_2013.pdf466.53 KB.

“Facilitating Climate Change Financing for the Pacific Region Round Table Meeting – Communique”

The Cook Islands recently hosted a Roundtable for PDMC Finance Ministers looking at "Facilitating Climate Change Financing for the Pacific Region". Attatched below is the agreed 'Communique' from this meeting held 11 & 12 April 2013.

pdfRoundtable_Communique_.pdf93.43 KB