Front Matter Page
IMF Country Report No. 20/269
COOK ISLANDS
TECHNICAL ASSISTANCE REPORT—MACROECONOMIC, FINANCIAL, AND STRUCTURAL POLICIES
August 2020
This Technical Assistance Report paper on Cook Islands was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in June 2020.
Disclaimer:
This document was prepared before COVID-19 became a global pandemic and resulted in unprecedented economic strains. It, therefore, does not reflect the implications of these developments and related policy priorities. We direct you to the
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Front Matter Page
INTERNATIONAL MONETARY FUND
Asia and Pacific Department
COOK ISLANDS
Technical Assistance Report
Macroeconomic, Financial and Structural Policies
Geoffrey Bannister (APD), Ryota Nakatani (FAD) and Iris Claus (PFTAC)
June 2020
Contents
I. Background
II. Economic Context
A. Recent Developments
B. Outlook and Risks
III. Macroeconomic and Financial Policies
A. Fiscal Policy and Macroeconomic Stability
B. Public Debt Sustainability
C. Financial Sector Policies
D. Structural Policies for Transitioning to High Income
Boxes
1. Facts about the Cook Islands
2. Fiscal Responsibility Ratios Under The Medium-Term Fiscal Strategy (MTFS)
3. Public Debt Sustainability
Tables
1. International Corporate Entities
2. Financial Soundness Indicators (FSI)
