Pacific / New Caledonia

New Caledonia plans economic revival

10:24 am on 7 November 2019

New Caledonia's government has drawn up a plan to revive the economy after its growth rate cooled to 0.6 percent last year.

Photo: RNZ Pacific/ Walter Zweifel

The plan was adopted unanimously by the 11-member executive and is now to be tabled in Congress by year's end.

Economics Minister Christopher Gyges said it aimed to simplify administrations, support businesses and boost purchasing power.

It would introduce tax cuts and tax credits for research, he said.

The main union said it regretted being excluded from the debates and was yet to see the plan's text.