French government falls, risking New Caledonia's recovery aid post-riots.

French Prime Minister Michel Barnier's government fell due to a motion of no confidence, complicating New Caledonia's recovery from May riots that caused €2.2 billion in damages. The territory faces potential delays in receiving crucial financial aid, risking public servant salaries, unemployment benefits, and energy funding. The "end of management" 2024 Bill, worth $237.6 million, is key for immediate recovery but may be delayed due to political instability.

December 04, 2024
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