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, Associations, 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 being spent in 2018–2019. 

Spending on business law reform, and the creation of an online companies registry, 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 funded the preparation of a draft Multi-sector Regulator Bill in 2018-2019, and an initial assessment of Cook Islands’ competition law and policy requirements in 2009.

CookIslands2007 2019 web

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

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
12 December 2019
Cook Islands Launches Registry to Improve Business, Increase Finance with Support from ADB and New Zealand

RAROTONGA, COOK ISLANDS (12 December 2019) — A new online registry will help improve the efficiency of doing business in the Cook Islands, making it easier for businesses and individuals to access much-needed finance to help expand and develop their operations and contribute to job creation and incl

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12 December 2019
ADB-supported online Companies, Incorporated Societies, and Personal Property Securities Registry launched in Cook Islands

The Cook Islands now has a modern, online system for the registration and administration of companies, incorporated societies and personal property securities, making it easier to do business and access finance.

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31 March 2018
PSDI Hosts Biennial Leaders Seminar on State-Owned Enterprise Reform in Island Economies

In March, PSDI hosted 14 Pacific island government officials at its biennial Leaders Seminar on State-Owned Enterprise (SOE) Reform in Island Economies.

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12 March 2017
A Decade of Reform: PSDI 2015-2016 Annual Progress Report Published

PSDI’s latest annual report, A Decade of Reform, looks back on our work since 2006, noting numerous successes in removing numerous barriers to private sector investment and entrepreneurship.

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3 March 2017
PSDI Hosts Fifth Pacific Business Registries Workshop

The workshop, co-hosted with the New Zealand Companies Office, brought together staff from business and secured transactions registries in 13 Pacific countries as well as government and private sector representatives and technical experts.

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7 February 2017
New Series of PSDI Case Studies Examines Private Sector’s Role in Public Service Delivery

A new series of PSDI case studies profiles the range of private sector involvement in public service delivery in the Pacific. Our first three Case Studies in Private Sector Participation look at private sector provision of three services: solid waste management, franchise shipping, and water supply services. Each study outlines the forms of contracting used, the impact of private sector involvement, and opportunities for extracting better value for money in future. Two case studies in Solid...

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Key Publications
PSDI ANNUAL PROGRESS REPORT 2018–2019
PSDI ANNUAL PROGRESS REPORT 2018–2019
This report gives an overview of PSDI activities from July 2018 to June 2019.
Finding Balance 2019: Benchmarking the Performance of State-owned Banks in the Pacific
Finding Balance 2019: Benchmarking the Performance of State-...
This report profiles the roles, performance, market context, and regulatory frameworks of 13 state-owned banks in 10 Pacific countries.
Finding Balance 2019: Benchmarking the Performance of State-owned Banks in the Pacific
Finding Balance 2019: Benchmarking the Performance of State-...
This report profiles the roles, performance, market context, and regulatory frameworks of 13 state-owned banks in 10 Pacific countries.
PSDI Annual Progress Report 2017–2018
PSDI Annual Progress Report 2017–2018
This report gives an overview of PSDI activities from June 2017 to June 2018.
Tourism as a Driver of Growth in the Pacific
Tourism as a Driver of Growth in the Pacific
Tourism in the Pacific is increasing and will be a key driver of economic growth in the coming decade. Yet despite more visitors to the Pacific, tourism growth is not inevitable for all countries in the region.
PSDI’s Second Newsletter: July–December 2016
PSDI’s Second Newsletter: July–December 2016
This newsletter looks back at PSDI activities over the period July-December 2016.