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In a letter to Louis Mapou, which New Caledonia No. 1 has access to, the president of the republic pledged reconstruction aid, mainly in the form of advance payments and loans. The support is conditional on the restoration of peace and the implementation of tax reforms.
The current situation of the New Caledonian government is Stop Paymenthas requested 31 billion francs in aid from the state,Yannick Slamet, the government member responsible for the budget, confirmed the news on June 20. According to the letter sent on Friday from Emmanuel Macron to Louis Mapou, the funding will amount to $24 billion and will be conditional.
In addition to the support fund for VSE-SMEs, to which 4,300 companies have already applied, assured Emmanuel Macron, the head of state confirms in this document to which we have access the introduction of a partial unemployment measure for 50% of the population for three months in a national solidarity charge. It is an envelope of 6 billion francs.
So much for emergency measures, no compensation,"The damage to New Caledonia’s production structure is already so severe that it is now necessary to prevent the closure of other companies that will not be directly affected.””, wrote Emmanuel Macron.
As for what he said,Time to rebuild and recover”The president proposed two aid measures: a repayable advance of 12 billion XPF and a loan of $6 billion, but with conditions.
“It’s about repairing what has been broken by a few, rather than always being strongly condemned by the groups represented in the government” Emmanuel Macron appointed.
“It is important to continue and intensify our joint efforts to call for an end to the violence,” The President of the Republic stressed that he hopes “All members of your government can clearly do this, just as I expect the provinces and cities to have the same sense of responsibility.” To this end, Emmanuel Macron has tasked Louis Mapou “Share this request with them. These efforts cannot be implemented unless the violence stops.”
Another requirement is the economy. New Caledonia found itself in a difficult economic situation before the crisis began. “The legacy of successive choices made by the New Caledonian government.”
Recalling that the territory has benefited from two loans totaling US$49.5 billion in 2020 and 2022 in exchange for reform commitments, Emmanuel Macron “Despite your expressed desire and actions, unfortunately these measures have not been fully implemented.”
“Rebuilding the territory by allowing imbalances that, even before the May crisis, had led its finances to a state of near bankruptcy, is not an option for me.” The President of the Republic believes that it can only grant aid if it is granted. “It was previously guaranteed that Congress could pass the reform.”
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