Asian Development Bank and Cook Islands: Fact Sheet
Asian Development Bank | April 2009
Abstract
Updated yearly, this ADB Fact Sheet provides social and economic indicators on the Cook Islands as well as concise information on ADB's operations in the country and contact information. The Cook Islands is among the best performing Pacific economies; however, fiscal sustainability remains fragile and the small economy relies heavily on tourism, an industry expected to be significantly impacted by the global economic slowdown. Other threats to sustained economic growth include environmental damage; infrastructure constraints; and weak policy, planning, and project preparation capacity, as well as an emerging labor shortage. The economy is also vulnerable to natural disasters: in just 2 months, from February to March 2005, cyclones Meena, Nancy, Olaf, Percy, and Rae swept the country, causing substantial damage to infrastructure and agriculture.
Citation
Asian Development Bank. 2009. Asian Development Bank and Cook Islands: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/5771.Keywords
Agricultural And Rural Development
Development In East Asia
Infrastructure Development Projects
Institutional Development
Millennium Development Goals
Policy Development
Social Development Programs
Social Development
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Social participation
Political participation
Community banks
Business planning
Infrastructure
Sustainable urban development
Social contract
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