Financial Secretary Office News

Financial Secretary Office News

Asian Development Bank Annual General Meeting, Frankfurt 2-5 May 2016

Cooperating for Sustainability

The Asian Development Bank (ADB) Board of Governors holds its annual meeting to discuss developments in Asia and the Pacific as well as institutional matters. ADB’s annual meetings have become a premier forum for the discussion of economic and social development issues in Asia and the Pacific.

In 2016, the Government of Germany will be hosting the ADB Annual Meeting for the first time between the 2- 5 May, 2016 in the city of Frankfurt. Under the theme "Cooperating for Sustainability", the meeting will connect finance and development professionals to exchange ideas, priorities and continue to work towards achieving tangible results.

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Election observer mission to Vanuatu


  The Pacific Islands Forum has accepted an invitation from Vanuatu to send an Observer Mission to observe and assess the Vanuatu Parliamentary elections on the 22nd of January.  Cook Islands Chief Electoral Mrs Taggy Tangimetua will be part of the mission with Forum executives and delegates from Tonga.  The team will be in Vanuatu next week until after the elections.  The mission will monitor Vanuatu's electoral process not only to assess compliance but also to learn from and share any lessons with other member countries.  Taggy has participated on other observer missions such as the UK Elections in May 2015. That mission was aimed to provide a snap-shot assessment of the UK elections with the report provided to the Commonwealth Parliamentary Association (CPA) UK. The request from the Pacific Islands Forum for Taggy to be part of the mission is a reflection of her esteem across the region and we are very proud of her.  

 [END] 8 January 2016  

Rarotonga Water Tank Subsidy Project - Applications Closed

The Ministry of Finance and Economic Management (MFEM) as the agency managing the Rarotonga Water Tank Subsidy Project would like to inform the general public that new applications for new water tank subsidies will no longer be received.

Project applications up until the end of November 2015 have exceeded initial expectations.

All project funds available to date have been fully committed to complete processing of over 800 applications already received.

Initially the project was to be completed by 31 December 2015. Instead, Cabinet has approved the extension of current activities to 30 June 2016 specifically to close off this project and allow more time to process existing applications including the implementation of already approved work with contractors.

Work is also required for at least one application inspection visit to determine subsidy eligibility criteria for applications received but which have not yet been approved. For approved applications one more inspection visit is required to confirm installation of water tank before payment of subsidy.

For more information refer to the MFEM website at  or contact the Project Coordinator Michelle Aisake at DCD Office on email or  call 29 521.