9 Jan 2007

Cook Islands aid dependence drops

4:29 pm on 9 January 2007

The Cook Islands dependence on foreign aid money is predicted to decline to 14.6 million US dollars this year, according to local media reports.

The Cook Islands Herald says this is a drop of 2.2 million US dollars on the previous year.

But the newspaper says the country will continue to need aid money in the foreseeable future.

It says New Zealand is largest donor with 7 million US dollars, followed by China with 2.7 million US dollars and the European Union with 1.2 million US dollars.

The newspaper says the education and health sectors are the main recipients of aid.

The Cook Islands also receives technical assistance, training, equipment and concessionary loans from various foreign organisations and agencies.