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Debt crisis threatens New Caledonia two years on from riots

President Milakulo Tukumuli has travelled to France to secure fresh funding to prevent 40,000 New Caledonians from becoming "pensionless" within a few months. But the new assistance comes on the condition the territory would undertake "urgent reforms" to reduce spending.

Photo: ABC News

President Milakulo Tukumuli has travelled to France to secure fresh funding to prevent 40,000 New Caledonians from becoming "pensionless" within a few months. But the new assistance comes on the condition the territory would undertake "urgent reforms" to reduce spending.

Originally published by ABC News. Read the full story at the source →

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