More Top Stories
I don’t expect much change: PM Brown on US Elections
6 November 2024
Fifth weekly Sydney flight to Rarotonga announced
23 October 2024
CIIC directors seek $350,000 in damages over defamatory claims
21 October 2024
Man found guilty of rape, burglary
24 September 2024
Tenants face water bill burden
8 October 2024
Concerns over Minister’s role in inmate work releases: PAC
5 October 2024
Tourism contribution set to surpass half-billion dollar mark
25 September 2024
Parliament’s 12 sitting days sufficient for business: Clerk
24 September 2024
Parliament Clerk sparks outrage over deep sea mining statement
23 September 2024
Parliament’s 12 sitting days sufficient for business: Clerk
24 September 2024
Tapaitau and Charlie-Puna released to ‘family jobs’
21 September 2024
Police apprehend four juveniles in connection with motorcycle thefts
23 September 2024
Deep sea dilemma: Cook Islanders weigh the cost of mineral riches
21 September 2024
Anxiety on the rise: Cook Islands faces mental health challenge
7 September 2024
Cook Islands deep sea mining poll sparks controversy
7 September 2024
MCI rejects ‘dark fleet’ label
3 August 2024
Rising seas, rising costs: Climate impacts on Cook Islands economy
2 September 2024
Inflation eases but concerns remain
31 August 2024
Prime Minister defends $659,000 MPs travel bill
23 August 2024
Taxpayers foot $659,000 bill for MPs travel and allowance
22 August 2024
Corruption report exposes ‘bribe and sexual favours’
17 January 2023
PM Brown eager to hand over Forum chair role to Tonga
13 August 2024
ICI explains road works delay in front of old Sheraton site
10 August 2024
Diaspora dismayed over lack of Te Maeva Nui livestream
8 August 2024
Everyone is a winner, says Culture
7 August 2024
Local women outshine global peers in business leadership
8 August 2024
Housing crisis hits tourism industry
27 July 2024
MCI rejects ‘dark fleet’ label
3 August 2024
Challenging ‘rape culture’
8 July 2024
PM signs off on USD $80m loan
Wednesday 15 December 2021 | Written by Caleb Fotheringham | Published in Economy, National
Prime Minister, Mark Brown signs off on a (USD) $80 million loan from the Asian Development Bank on Tuesday. He said $40 million will be used for the nation’s economic recovery roadmap, while the other $40 million will be held on standby in the event of an economic downturn. 21121421
Cook Islands has borrowed (USD) $40 million from the Asian Development Bank for immediate financing needs with an additional (USD) $40 million set aside if the country becomes in need of the money.
Cook Islands has borrowed (USD) $40 million from the Asian Development Bank for immediate financing needs with an additional (USD) $40 million set aside if the country becomes in need of the money.
To continue reading this article and to support our journalism
CLICK HERE TO SUBSCRIBE NOW
for as little as $11 per month.
- Up to date and breaking news
- Includes access to Premium content
- Videos and online classifieds
Already a subscriber, click here