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Debt servicing a concern
Thursday 30 January 2025 | Written by Rashneel Kumar | Published in Economy, National
In December 2024, ADB Alternate Executive Director Llewellyn Roberts, on behalf of the Government of the Cook Islands, and ADB Director General for the Pacific Leah Gutierrez signed a US$30 million loan agreement to support the Cook Islands in building resilience and spur sustainable growth. ADB/ 25012709
Cook Islands faces rising debt servicing costs, projected to reach 16 per cent of revenue by 2029/30, prompting concerns about cash flow and the management of its $253.8 million public debt.
Cook Islands faces rising debt servicing costs, projected to reach 16 per cent of revenue by 2029/30, prompting concerns about cash flow and the management of its $253.8 million public debt.
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