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 2022 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.
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