Jean-Paul Julia Meets with BCI NC Teams, concluding his Pacific tour
Jean-Paul Julia met with the BCI NC teams, concluding his Pacific tour. At the heart of the discussions: the economic reconstruction of New Caledonia.
BCI NC: A key player in economic recovery
The May riots were a significant focus of Jean-Paul Julia’s visit to New Caledonia. He met with BCI NC employees who have faced challenging times both as professionals and as residents of New Caledonia. Additionally, he held discussions with Louis Mapou, President of the Government of New Caledonia, and BCI NC clients to assess the economic situation and identify the most urgent needs that the bank can address.
“BCI plays a crucial role in supporting New Caledonians to restart their economy and look towards common future projects. An in-depth knowledge of the country, its territories, and its citizens is essential to successfully carry out this mission. BCI’s clients can rely on their bank and its teams, whose commitment and availability I commend,”
stated Jean-Paul Julia.
A Necessary Reconstruction Plan
The May riots have left deep scars on New Caledonia’s economy, severely affecting local businesses and infrastructure. On August 28, 2024, the Congress of New Caledonia adopted a crucial resolution by a large majority, requesting substantial support from the French State. This request, amounting to 500 billion Pacific Francs (approximately 4.2 billion Euros), aims to rebuild the archipelago after the riots that devastated its economic fabric last May.
This reconstruction plan, which still needs to be refined and negotiated with the State, is essential to restore investor confidence and revive economic activity.
BCI at the Forefront of Reconstruction
The reconstruction of New Caledonia will require close collaboration between local actors and the State. The requested financial support is a first step towards economic recovery, but local initiatives will also be necessary to revitalize key sectors of New Caledonia’s economy.
BCI is well-positioned to play a leading role in this recovery. The bank has been established in New Caledonia for over 30 years, with experienced teams and the largest banking network in the archipelago, comprising 33 branches and around 100 ATMs spread across the territory, including the islands of Maré, Lifou, Ouvéa, and the Isle of Pines. BCI’s deep understanding of the territory, its challenges, and its businesses makes it a vital participant in overcoming the economic crisis.
