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France's Aid Package for New Caledonia
France pledges over 1.4 billion euros in aid to New Caledonia to rebuild after riots that caused significant damage and loss of life.
French
France
Labour MarketFranceIndo PacificEconomic CrisisReconstructionPolitical UnrestFinancial AidPacific
Agence Française Du DéveloppementFrench Government
François-Noël BuffetNicolas Metzdorf
- What other administrative measure has been taken?
- A third amendment will postpone the New Caledonia census from 2024 to 2025. The last census was conducted in 2019.
- What were the consequences of the riots in New Caledonia?
- The riots in New Caledonia resulted in 13 deaths and an estimated 2.2 billion euros in damage, equivalent to 25% of the territory's GDP. The unrest was triggered by a vote on electoral reform.
- What other financial aid measures will France provide to New Caledonia?
- In addition to the 80 million euros for reconstruction, France will increase its loan guarantee to New Caledonia by 50%, from 500 million to 770 million euros. These loans aim to help the territory's struggling social security, electricity, and social housing systems.
- What is the concern expressed by some Caledonian officials regarding the financial aid?
- While some Caledonian officials welcome the financial aid, they express concern that a significant portion is in the form of repayable advances or loans, which could further burden the territory's debt.
- How much money will France allocate for the reconstruction of public buildings in New Caledonia?
- France will provide 80 million euros to rebuild public buildings in New Caledonia that were destroyed during the May riots. This is part of a larger aid package totaling over 1.4 billion euros between 2024 and 2025.