AGP Executive Report
Last update: 8 hours agoNickel Politics: Macron has “closed the door” on Chinese investors for New Caledonia’s struggling nickel smelters, steering talks instead toward Emirati and Indian bidders, as the sector underpins most exports and jobs. Public Finance Rescue: France’s PM Sébastien Lecornu announced a new lifeline for New Caledonia after talks with President Milakulo Tukumuli, citing near-collapse risks in pensions and medicare and aiming to stabilise the 2026 and 2027 budgets with a package reported at €400m–€600m. Regional Diplomacy: At the Pacific Islands Forum in Palau, leaders backed reforms, stronger climate action and more funding for the Pacific Resilience Facility, while Kanaky and West Papua decolonisation demands stayed front and centre. Legal Pressure on France: Vanuatu has filed with the ICJ over sovereignty and maritime boundaries tied to the Matthew and Hunter islands, but the case can’t move without France’s consent—raising new uncertainty for New Caledonia’s maritime outlook. Governance & Trust: Civil society groups urged Forum leaders to reject a “facade narrative” on Kanaky decolonisation and called for stronger Pacific monitoring and rights-focused action.
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