AGP Executive Report
Last update: 11 hours agoClimate Finance: The Cook Islands is part of a new ADB-led programme seeking more than US$1 billion to strengthen essential infrastructure across 14 Pacific economies, with US$250 million in grants approved. At COP31, Cook Islands climate officials also urged clear delivery plans for promised global funding and more support for adaptation. Seabed Mining: US firms have sought permission to explore international waters near the Cook Islands, drawing regional objections. At home, Te Ipukarea Society is urging scrutiny of a proposed US$1 billion company merger involving Cook Islands exploration interests, warning against rushed decisions. Energy Costs: A regional fuel crisis added NZ$935 million to Pacific costs in six months, with higher prices affecting Rarotonga and reinforcing calls to reduce reliance on imported fuel. Business Resilience: The government’s captive insurer plans to widen coverage; its first year cut group insurance premiums by more than 20%. Local Skills: Two CITC apprentices became the first locally trained butchers to earn a New Zealand trade qualification, building skills within the Cook Islands workforce.
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