EIB Agrees €3M Loan for SMEs in the Cook Islands

The European Investment Bank (EIB) agreed a €3m global loan with the Bank of the Cook Islands to improve access to finance from local small and medium sized enterprises (SMEs) and micro-sized initiatives.
This agreement extends the EIB’s Pacific Islands Financing Facility (PIFF) for the first time in the Cook Islands, alongside similar loans signed in Samoa, Tonga, Palau and Niue.
According to an official statement, the project represents one of a series of actions financed by the EIB in the south Pacific region currently being approved during a regional tour by Bank representatives.

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