Financial Secretary Office News

Financial Secretary Office News

MFEM PUBLISH STANDARD AND POOR’S CREDIT RATINGS ANALYSIS ON WWW.MFEM.GOV.CK

Standard and Poors are a global rating service agency who provide sovereign ratings services.

Standard and Poors have provided ratings of the Cook Islands for a number of years and these reports are normally available through a subscription service.

The Cook Islands Ministry of Finance and Economic Management has recently come to an arrangement with Standard and Poors Inc. to provide their full analytical report on the Cook Islands on the MFEM website.

The Standard and Poors Credit ratings are an independent assessment on the public financial position of a sovereign, with a particular focus on credit worthiness of the jurisdiction.  

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Cook Islands Government Vehicle Auction

On 23 May 2015 the Ministry of Finance and Economic Management held its first whole of Government auction for a number of vehicles which were surplus to requirements.  Total gross proceeds were $34,620, costs were $3,081.95.  Prices for the goods can be found on the MFEM Procurement website.

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20150529

Minister of Finance Launches new Five Dollar Coin

The Cook Islands Minister for Finance, the Honourable Mark Brown proudly launched the new Cook Islands five dollar coin in Rarotonga on Tuesday 26 May 2015 which celebrated the voyagers who are in Rarotonga for the Te Manava Vaka festival.

The Te Manava Vaka festival has seen five vaka moana converge in Rarotonga from all parts of the Pacific as part of the annual celebrations of the Cook Islands 50 years of self governance.

The new $5 coin which will be circulating currency features the Ian Rank Broadley effigy of her Majesty, Queen Elizabeth II on the obverse.  

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