Pacific Finance Sector Brief: Cook islands

Please use this identifier to cite or link to this item: https://elibrary.tucl.edu.np/handle/123456789/5552

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DC Field	Value	Language
dc.contributor.author	ADB	-
dc.date.accessioned	2021-10-05T15:04:34Z	-
dc.date.available	2021-10-05T15:04:34Z	-
dc.date.issued	2019-10	-
dc.identifier.isbn	N/A	-
dc.identifier.isbn	N/A	-
dc.identifier.issn	N/A	-
dc.identifier.issn	N/A	-
dc.identifier.uri	https://www.adb.org/publications/pacific-finance-sector-cook-islands	-
dc.identifier.uri	https://elibrary.tucl.edu.np/handle/123456789/5552	-
dc.description	This brief provides an overview of the Cook Islands’ finance sector, and discusses the key challenges and how they can be overcome. The Cook Islands’ financial system includes four commercial banks, a national superannuation fund, an insurance company, several insurance intermediaries, and money-changing and remittance businesses. Although the country’s finance sector performs relatively well, private sector lending declined during 2013–2015 and has yet to return the level in 2012. Two major hurdles to development are the high number of nonperforming loans and the lack of an efficient payment system. To address these, the Cook Islands Credit Bureau was established in late 2017 and the government is currently looking into the viability of the Bank of Cook Islands joining the New Zealand payments system.	-
dc.format.extent	4	-
dc.subject.other	Economic data	-
dc.subject.other	Finance sector development	-
dc.subject.other	Financial sector	-
dc.title	Pacific Finance Sector Brief: Cook islands	-
local.publication.country	Cook Islands	-
Appears in Collections:	ADB Collections

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