AGP Executive Report
Last update: 9 hours agoNew Caledonia’s finances under threat: President Milakulo Tukumuli says the territory is in a “cessation of payments” and warns of a possible complete shutdown if about 13 billion Pacific francs (€109m) isn’t found by end-August, as the new government moves to stabilise budgets after the 2024 unrest. Cabinet portfolios reshuffled: Tukumuli unveiled a “collegial” cabinet, assigning sensitive health, social protection and transport roles to key ministers, while Christopher Gygès keeps economy, tax, telecoms, customs and external trade. Political balance shifts: Tukumuli’s Wallisian-founded Éveil Océanien kingmaker role helped form the new government after June provincial elections left Congress split between pro-France and pro-independence blocs. Regional business watch: The Oceania Football Confederation confirmed it will meet Aug 12 to discuss FIFA’s proposed tournament sell-off plan, with New Caledonia among the 11 member associations at the table. Marine conservation deal: The Melanesian Ocean Reserve is set to cover EEZ waters across Solomon Islands, Vanuatu, Papua New Guinea and New Caledonia, aiming to allow only sustainable, Indigenous-value-aligned activities.
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