Cook Islands

In the Cook Islands, PSDI-supported reforms are making it easier to start, manage, and finance a business. 

We have been working with the Government of Cook Islands to:

  • Develop a secured transactions framework that will make it easier for lenders to accept movable assets as collateral;

  • Design and develop an online domestic Companies, Incorporated Societies, and Personal Property Securities Registry, which launched in December 2019;
  • Create clear and inclusive company laws, including the Companies Bill, which passed Cook Islands Parliament in December 2017, and became active with the December 2019 registry launch;

  • Strengthen the financial position of Bank of Cook Islands, and build its capacity to identify and manage operational risks;

  • Review the legislative, governance, and monitoring framework for Cook Islands’ SOEs; and

  • Support reforms through advocacy and analysis, including a comprehensive assessment of the private sector published in 2015: The Cook Islands: Stronger Investment Climate for Sustainable Growth.

Resources and Spending

PSDI has increased its activity in the Cook Islands over the past few years, with almost one-third of the $1,459,028 in total funding spent in 2018–2019.

Spending on business law reform, which includes the development of an online companies registry and associated legal reform, accounts for 52% of all spending in the Cook Islands. Competition and Consumer Protection received the second highest proportion—20%—of overall allocations to Cook Islands. This included the preparation of a Telecommunications Bill and a Multi-sector Regulator Bill, which both passed Parliament in 2019.

CookIslands2007 2019 web

On this website, $ refers to US dollars unless otherwise stated.

For detailed information on PSDI activities in the Cook Islands, download the April 2020 PSDI Country Overview here.

Cook Islands at a glance

Modern, locally tailored business laws

3 PSDI-supported bills—Companies Bill, Personal Property Securities Bill, and Incorporated Societies (Amendment) Bill—passed by Cook Islands Parliament in December 2017.

Online business registrations

PSDI supported the creation of an online domestic Companies, Associations, and Personal Property Securities Registry, which launched in December 2019.

Secured transactions reform

PSDI helped develop a secured transactions framework that will make it easier for lenders to accept movable assets as collateral.

Private sector assessment

The Cook Islands: Stronger Investment Climate for Sustainable Growth published in October 2015.

Financial strengthening

PSDI is helping strengthen the financial position of the Bank of the Cook Islands, which includes developing policies for liquidity management and operational risk management.
Latest News
3 November 2021
Tourism can bounce back better, says new regional study

The Cook Islands News covers the new PSDI Regional Tourism Assessment and accompanying country tourism snapshots.

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1 November 2021
PSDI Tourism Publications Launched

PSDI has today launched a series of publications focused on the Pacific tourism sector: 14 country tourism snapshots and a regional tourism assessment. They provide an overview of the sector before the pandemic, identify challenges and opportunities, and provide recommendations to guide recovery.

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2 October 2021
Cooks leading the way for women in business

From the Cook Islands News: Cook Islands’ representation of women in business has grown by leaps and bounds, according to a new regional report.

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24 September 2021
Pacific Surpasses Global Averages for Women's Representation in Business Leadership—PSDI.

Gaining access to leadership positions can be challenging for women, but there are increasing opportunities for women to lead in business in the Pacific, according to a new report from the Pacific Private Sector Development Initiative.

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24 September 2021
More opportunities for Pacific women in business than politics

RADIO AUSTRALIA, PACIFIC BEAT: It's been a battle to get more women into politics in the Pacific but new evidence suggests they are faring better when it comes to leadership roles in the business sector.

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13 April 2021
Locally led reforms are making it easier to do business in the Cook Islands

PSDI has supported the development of a new suite of business laws that make it easier to do business and access finance in the Cook Islands.

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Key Publications
Cook Islands | Pacific Tourism Sector Snapshot
Cook Islands | Pacific Tourism Sector Snapshot
This tourism sector snapshot for the Cook Islands provides an overview of the tourism sector before the COVID-19 pandemic and identifies new and existing challenges and opportunities for the tourism industry.
Looking Forward Vol. 1: Evaluating the Challenges for Pacific Tourism after COVID-19
Looking Forward Vol. 1: Evaluating the Challenges for Pacifi...
This PSDI tourism sector assessment provides an overview of Pacific tourism before the COVID-19 pandemic, identifies challenges, and provides recommendations for a sustainable post-pandemic recovery.
Leadership Matters: Benchmarking Women's Business Leadership in the Pacific
Leadership Matters: Benchmarking Women's Business Leadership...
Leadership Matters: Benchmarking Women in Business Leadership in the Pacific collects and analyzes data on women’s representation on boards and in senior management in the 14 Pacific developing member countries of the Asian Development Bank.
PSDI Annual Progress Report FY2019–2020
PSDI Annual Progress Report FY2019–2020
This report gives an overview of PSDI activities from July 2019 to June 2020.
Pacific Retirement Funds: Anchoring Social Protection in Good Finance
Pacific Retirement Funds: Anchoring Social Protection in Goo...
This paper aims to assist policymakers to clarify the role of Pacific retirement funds—particularly any financing role,
Government-Owned Banks: Their Role in Pacific Financial Systems
Government-Owned Banks: Their Role in Pacific Financial Syst...
This paper aims to assist policymakers in addressing questions around government ownership of banks while highlighting the need to increase private participation in most Pacific financial systems, for these systems to meet the financing needs of businesses.